MOULTRIE, Ga., Jan. 23, 2014 /PRNewswire/ -- AMERIS BANCORP (NASDAQ-GS: ABCB), Moultrie, Georgia, today reported unaudited operating net income of $23.6 million for the year ended December 31, 2013, compared to $14.4 million in 2012. Operating net income excludes $3.6 million of after-tax merger charges from the Company's net income for 2013. On an operating basis, net income available to common shareholders increased 101% to $21.9 million and $0.90 per share in 2013, compared to $10.9 million and $0.46 per share in 2012.

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Net income available to common shareholders, on an operating basis, was $4.3 million and $0.18 per share in the fourth quarter of 2013, compared to $3.6 million and $0.15 in the same quarter in 2012. Results in the fourth quarter of 2013 were adversely impacted by higher than normal credit costs and lower profitability associated with mortgage operations. Additionally, because the merger with The Prosperity Banking Company occurred on December 23, 2013, the acquisition's impacts to the Company's revenue and net income were minimal.

Highlights of the Company's results for 2013 include the following:


    --  Completed the acquisition of The Prosperity Banking Company, increasing
        total assets by $744.9 million.
    --  Total revenue (excluding gains on investments and FDIC-assisted
        transactions) increased by 7.2% to $162.6 million as compared to 2012.
    --  Internally driven growth in non-covered loans totaled $167.8 million, or
        11.6%.
    --  Net interest margin increased slightly to 4.74% in 2013 from 4.60% in
        2012.
    --  Return on average assets and return on average tangible equity
        (excluding merger-related charges) improved to 0.82% and 9.51%,
        respectively.
    --  Annualized net charge-offs for the year declined to 0.69% of total
        loans, compared to 2.76% for the year ended December 31, 2012.
    --  Credit costs (provision and problem loan and OREO expenses) declined to
        $27.0 million in 2013, compared to $53.5 million in 2012.
    --  Non-performing legacy assets declined 20.6% during 2013, ending the year
        at $62.6 million, compared to $78.7 million at the end of December 31,
        2012.
    --  Noninterest income, excluding gains on FDIC-assisted transactions,
        increased $8.7 million, or 23.0%, from $37.8 million in 2012 to $46.5
        million in 2013.

Acquisition of The Prosperity Banking Company
The Company successfully completed the acquisition of The Prosperity Banking Company on December 23, 2013. Highlights of the merger are as follows:


    --  Added $744.9 million in total assets and 12 retail offices in northern
        Florida.
    --  Added $449.7 million in loans and $473.7 million in total deposits.
    --  The Company recorded $34.1 million in additional goodwill and $4.4
        million in core deposit intangibles associated with the merger.
    --  Non-accretable credit marks totaling $37.7 million were recorded on the
        loan portfolio.  An additional $1.3 million was recorded against OREO
        balances.
    --  A total of 1,168,918 shares were issued, with a closing price of $21.07
        per share on the merger date,  in exchange for the outstanding stock of
        The Prosperity Banking Company.

Increase in Net Interest Income
Net interest income increased in 2013 to $116.2 million, up from $114.4 million reported in 2012. Lower levels of accretion on covered assets were more than offset by lower deposit costs, pushing the Company's net interest margin higher in 2013 to 4.74%, compared to 4.60% during 2012. Yields on earning assets in 2013 declined only slightly to 5.15%, compared to 5.20% in 2012. Better allocation of earning assets helped mitigate the impact to overall yields on earning assets from lower yields on loans and investments. Average loans comprised 82.6% of total earning assets during 2013, compared to 79.0% during 2012. Short-term assets fell to 4.0% of earning assets during 2013 compared to 6.2% during 2012.

Non-covered loan yields decreased during the year, averaging 5.41% in 2013, compared to 5.58% in 2012. Yields on new loan production in the fourth quarter of 2013 were 4.87%, compared to 4.94% in the fourth quarter of 2012. While yields on production of new and renewed loans are below current portfolio yields, management anticipates the revenue impact to be muted as they expect continued growth in total loans and less interest rate pressure due to a recent increase in interest rates. Covered loan yields increased from 7.33% in 2012 to 7.62% in 2013, as adjustments made to certain fair value determinations and resolutions of problem credit positively impacted the covered loan yield. As expected cash flow on covered loans improves, a portion of the loan discount that was previously attributable to credit problems is reclassified into interest income. This reclassification occurs over the estimated life of the loan.

The Company has offset the declines in earning asset yields with corresponding declines in funding costs. Deposit costs, the Company's largest funding expense, declined from 0.51% in 2012 to 0.34% in 2013. That decline relates to continued shifts in deposit mix, favoring lower cost transaction accounts and non-interest bearing balances, and lower market rates in the Company's communities. Savings on time deposits were most significant, with CD costs falling from 1.06% in 2012 to 0.73% in 2013. Additional savings have been achieved from improvement in the deposit mix, with average time deposits representing only 27.0% of total deposits in 2013, compared to 32.0% in 2012.

Non-Interest Income
Excluding gains on FDIC-assisted transactions, non-interest income increased by 23.0% in 2013 to $46.5 million, compared to $37.8 million in 2012. The majority of the growth resulted from the Company's mortgage operations, although additional revenues were recorded on SBA activities and bank owned life insurance.

Mortgage revenue increased by 47.3% in 2013, to $19.1 million, compared to 2012. However, on a quarterly basis, mortgage revenue declined 15.1% against the third quarter of 2013. The decline in mortgage revenue relates to a slower quarter in loan closings and a measurable drop in the Company's open pipeline. Loan production declined in the fourth quarter by $2.7 million to $149.3 million and the open pipeline declined from $72.5 million at September 30, 2013 to $40.5 million at December 31, 2013. Pipelines are refilling rapidly in the first quarter of 2014, despite the aggressive restructuring actions taken in the fourth quarter.

During 2013, the Company recorded pre-tax gains of approximately $1.5 million on sales of SBA loans, compared to $264,000 during 2012. During the fourth quarter of 2013, the Company began hiring dedicated development officers, and the Company expects to continue hiring for most of 2014. Management believes that combined production from the dedicated SBA officers and the existing branch referrals pose a meaningful opportunity for revenue growth in 2014 and beyond.

Non-Interest Expense
Total operating expenses increased 2.0% in 2013 to $121.9 million, compared to $119.5 million for 2012. Excluding the effect of credit-related costs in both years and merger charges in 2013, operating expenses would have reflected an increase of 9.7% to $106.5 million in 2013, compared to $97.1 million in 2012. This growth in operating expenses relates almost entirely to the increased costs associated with the Company's mortgage operations, which reflected 63.8% growth in total revenue. Costs associated with this growth in revenues totaled $18.1 million in 2013, compared to $9.9 million in 2012.



                                               Three Month Period:       Twelve Months
                                                                           Period:

                                           4Q '13             3Q '13     2Q '13        1Q '13     4Q '12     Dec           Dec

                                                                                                                      2013          2012
                                                                                                                                  ----

    Total reported operating expenses          37,624             28,749     26,688        28,884     29,791     121,945       119,469

    Less: merger related charges                4,350                512          -             -          -       4,862             -

    Less: mortgage related expenses             5,493              4,540      4,351         3,721      3,589      18,105         9,891

    Less: credit and OREO costs                 5,322              2,971      2,349         4,844      2,548      15,486        22,417
                                                -----              -----      -----         -----      -----      ------        ------


    Recurring operating expenses - Banking     22,459             20,726     19,988        20,319     23,654      83,492        87,161

    Division

As reflected above, mortgage expenses declined compared to the third quarter of 2013. However, restructuring charges and non-recurring amounts totaling approximately $600,000 were reflected in the current quarter. Restructuring efforts in the current quarter centered on significantly scaling back the Company's wholesale division, as well as reducing lower level producers and accompanying back office overhead. Management believes these efforts, combined with current levels of production and open pipelines, are adequate to regain profitability at appropriate levels.

Balance Sheet Trends
Total assets increased $648.6 million during 2013, ending the year at $3.67 billion, compared to $3.01 billion at December 31, 2012. Total loans, excluding purchased non-covered and covered loans, were $1.62 billion at December 31, 2013, increasing 11.6%, or $167.8 million, during the year. Expansion of loan officer teams in the Company's larger metro markets contributed significantly to the growth, as did several newer lines of business, including mortgage banking. Purchased non-covered loans of $448.8 million are attributable to the acquisition of The Prosperity Banking Company during 2013. Covered loans declined by $117.5 million during 2013 to $390.2 million at year-end, compared to $507.7 million reported at December 31, 2012.

Total deposits increased $374.6 million to $3.00 billion during 2013, compared to $2.62 billion at December 31, 2012. Noninterest-bearing demand deposits grew 30.9% in 2013 after growing 29.2% in 2012, ending the year at $668.5 million, or 22.3% of total deposits, compared to 19.5% of total deposits at December 31, 2012.

Credit Expenses and Asset Quality
Credit expenses for the year ended December 31, 2013, totaled $27.4 million, compared to $54.2 million in 2012. The decline in credit costs were driven by declines in levels of existing non-performing assets and declines in the in-migration of new non-accrual loans. Management expects that the improving market conditions for the resolution and/or sale of problem assets and the slower pace of new problem assets will allow for continued reduction in credit costs in 2014.

Total non-covered, non-performing assets at December 31, 2013 were $73.5 million, compared to $78.7 million at December 31, 2012. Included in levels reported at the end of 2013 were $10.9 million in non-performing assets acquired in the Prosperity merger. Total classified loans, excluding purchased non-covered and covered loans, declined 20.7% during 2013, ending the year at $58.1 million, compared to $73.3 million at December 31, 2012. A slower pace of migration to classified and non-accrual status during 2013 compared to prior years and an accelerated pace of resolution led to the improvement in classified assets.

Ameris Bancorp is headquartered in Moultrie, Georgia, and at the end of the most recent quarter had 68 locations in Georgia, Alabama, northern Florida and South Carolina.





    This news release 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 analysis of the Company's
     performance. These measures
     are useful when evaluating the
     underlying performance and
     efficiency of the Company's
     operations and balance sheet.
     The Company's management
     believes that these non-GAAP
     measures provide a greater
     understanding of ongoing
     operations, enhance
     comparability of results with
     prior periods and demonstrate
     the effects of significant
     gains and charges in the
     current period. The Company's
     management believes that
     investors may use these non-
     GAAP financial measures to
     evaluate the Company's
     financial performance without
     the impact of unusual items
     that may obscure trends in the
     Company's underlying
     performance. These disclosures
     should not be viewed as a
     substitute for financial
     measures determined in
     accordance with GAAP, nor are
     they necessarily comparable to
     non-GAAP performance measures
     that may be presented by other
     companies.


    This news release contains
     statements that constitute
     "forward-looking statements"
     within the meaning of Section
     27A of the Securities Act of
     1933, as amended, and Section
     21E of the Securities Exchange
     Act of 1934, as amended. The
     words "believe", "estimate",
     "expect", "intend",
     "anticipate" and similar
     expressions and variations
     thereof identify certain of
     such forward-looking
     statements, which speak only
     as of the dates which they
     were made. The Company
     undertakes no obligation to
     publicly update or revise any
     forward-looking statements,
     whether as a result of new
     information, future events or
     otherwise. Readers are
     cautioned that any such
     forward-looking statements
     are not guarantees of future
     performance and involve risks
     and uncertainties and that
     actual results may differ
     materially from those
     indicated in the forward-
     looking statements as a result
     of various factors. Readers
     are cautioned not to place
     undue reliance on these
     forward-looking statements
     and are referred to the
     Company's periodic filings
     with the Securities and
     Exchange Commission for a
     summary of certain factors
     that may impact the Company's
     results of operations and
     financial condition.

                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                            AMERIS BANCORP
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                         FINANCIAL HIGHLIGHTS
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                             (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                    (dollars in thousands except per share data and FTE headcount)
                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                        
                                                                                                                            Three Months Ended                                                   Twelve Months Ended
                                                                                                                            ------------------                                                   -------------------
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                  Dec.                                     Sept.                                                        Jun.                                   Mar.                                 Dec.                                 Dec.                                Dec.
                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                  2013                                      2013                                                        2013                                 2013                                 2012                                 2013                              2012
                                                                                                                                                  ----                                      ----                                                        ----                                 ----                                 ----                                 ----                              ----
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
    EARNINGS
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                              
      Net Income Available to Common Shareholders                                                                                                 $966                                    $6,234                                                      $6,236                               $4,844                               $3,554                              $18,280                           $10,859
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
    PER COMMON SHARE DATA
                                                                                                                                                                                                                                                                                                                                                                                                              
      Earnings per share available to common shareholders:
                                                                                                                                                                                                                                                                                                                                                                                                               
        Basic                                                                                                                                    $0.04                                     $0.26                                                       $0.26                                $0.20                                $0.15                                $0.76                             $0.46
                                                                                                                                                                                                                                                                                                                                                                                                               
        Diluted                                                                                                                                  $0.04                                     $0.26                                                       $0.26                                $0.20                                $0.15                                $0.75                             $0.46
                                                                                                                                                                                                                                                                                                                                                                                                              
      Cash Dividends per share                                                                                           $                           -             $                           -                               $                           -            $                       -            $                       -            $                       -            $                    -
                                                                                                                                                                                                                                                                                                                                                                                                              
      Stock dividend                                                                                                                                 -                                         -                                                           -                                    -                                    -                                    -                                 -
                                                                                                                                                                                                                                                                                                                                                                                                              
      Book value per share (period end)                                                                                                         $11.50                                    $10.98                                                      $10.88                               $10.72                               $10.56                               $11.50                            $10.56
                                                                                                                                                                                                                                                                                                                                                                                                              
      Tangible book value per share (period end)                                                                                                 $9.87                                    $10.85                                                      $10.74                               $10.57                               $10.39                                $9.87                            $10.39
                                                                                                                                                                                                                                                                                                                                                                                                              
      Weighted average number of shares:
                                                                                                                                                                                                                                                                                                                                                                                
        Basic                                                                                                                               24,021,447                                23,900,665                                                  23,878,898                           23,867,691                           23,815,583                           23,917,551                        23,801,500
                                                                                                                                                                                                                                                                                                                                                                                
        Diluted                                                                                                                             24,450,619                                24,315,821                                                  24,287,628                           24,246,346                           23,857,095                           24,346,723                        23,843,012
                                                                                                                                                                                                                                                                                                                                                                                
      Period-end number of shares                                                                                                           25,098,427                                23,907,509                                                  23,894,327                           23,875,680                           23,799,768                           25,098,427                        23,799,768
                                                                                                                                                                                                                                                                                                                                                                                                              
      Market data:
                                                                                                                                                                                                                                                                                                                                                                                                               
        High closing price                                                                                                                      $21.42                                    $19.79                                                      $16.94                               $14.51                               $12.71                               $21.42                            $13.40
                                                                                                                                                                                                                                                                                                                                                                                                               
        Low closing price                                                                                                                       $17.69                                    $17.35                                                      $13.16                               $12.79                               $10.50                               $12.79                            $10.34
                                                                                                                                                                                                                                                                                                                                                                                                               
        Period end closing price                                                                                                                $21.11                                    $18.38                                                      $16.85                               $14.35                               $12.49                               $21.11                            $12.49
                                                                                                                                                                                                                                                                                                                                                                                
        Average daily volume                                                                                                                    94,636                                    75,545                                                      53,403                               51,887                               48,295                               69,137                            52,830
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
    PERFORMANCE RATIOS
                                                                                                                                                                                                                                                                                                                                                                                
      Return on average assets                                                                                                                    0.19%                                     0.94%                                                       0.95%                                0.75%                                0.62%                                0.70%                             0.49%
                                                                                                                                                                                                                                                                                                                                                                                
      Return on average common equity                                                                                                             2.20%                                    10.75%                                                      10.66%                                8.53%                                7.72%                                8.06%                             6.00%
                                                                                                                                                                                                                                                                                                                                                                                
      Earning asset yield (TE)                                                                                                                    4.84%                                     5.20%                                                       5.38%                                5.21%                                5.22%                                5.15%                             5.20%
                                                                                                                                                                                                                                                                                                                                                                                
      Total cost of funds                                                                                                                         0.40%                                     0.39%                                                       0.40%                                0.40%                                0.44%                                0.40%                             0.56%
                                                                                                                                                                                                                                                                                                                                                                                
      Net interest margin (TE)                                                                                                                    4.43%                                     4.80%                                                       4.96%                                4.79%                                4.75%                                4.74%                             4.60%
                                                                                                                                                                                                                                                                                                                                                                                                              
      Non-interest income excluding securities transactions,
                                                                                                                                                                                                                                                                                                                                                                                
        as a percent of total revenue (TE) (1)                                                                                                   26.45%                                    27.76%                                                      26.16%                               26.27%                               25.86%                               26.67%                            19.84%
                                                                                                                                                                                                                                                                                                                                                                                
      Efficiency ratio                                                                                                                           92.74%                                    69.09%                                                      65.32%                               72.76%                               71.85%                               74.94%                            69.35%
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
    CAPITAL ADEQUACY (period end)
                                                                                                                                                                                                                                                                                                                                                                                
      Stockholders' equity to assets                                                                                                              8.63%                                    10.30%                                                      10.25%                                9.91%                                9.24%                                8.63%                             9.24%
                                                                                                                                                                                                                                                                                                                                                                                
      Tangible common equity to tangible assets                                                                                                   6.83%                                     9.22%                                                       9.15%                                8.83%                                8.20%                                6.83%                             8.20%
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
    EQUITY TO ASSETS RECONCILIATION
                                                                                                                                                                                                                                                                                                                                                                                
      Tangible common equity to tangible assets                                                                                                   6.83%                                     9.22%                                                       9.15%                                8.83%                                8.20%                                6.83%                             8.20%
                                                                                                                                                                                                                                                                                                                                                                                
      Effect of preferred equity                                                                                                                  0.76%                                     0.99%                                                       0.99%                                0.97%                                0.92%                                0.76%                             0.92%
                                                                                                                                                                                                                                                                                                                                                                                
      Effect of goodwill and other intangibles                                                                                                    1.04%                                     0.09%                                                       0.11%                                0.12%                                0.12%                                1.04%                             0.12%
                                                                                                                                                                                                                                                                                                                                                                                
        Equity to assets (GAAP)                                                                                                                   8.63%                                    10.30%                                                      10.25%                                9.91%                                9.24%                                8.63%                             9.24%
                                                                                                                                                  ====                                     =====                                                       =====                                 ====                                 ====                                 ====                              ====
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
    OTHER PERIOD-END DATA
                                                                                                                                                                                                                                                                                                                                                                                
      Banking Division FTE                                                                                                                         820                                       678                                                         683                                  693                                  736                                  820                               736
                                                                                                                                                                                                                                                                                                                                                                                
      Mortgage Division FTE                                                                                                                        164                                       158                                                         155                                  127                                  130                                  164                               130
                                                                                                                                                   ---                                       ---                                                         ---                                  ---                                  ---                                  ---                               ---
                                                                                                                                                                                                                                                                                                                                                                                
        Total Ameris Bancorp FTE Headcount                                                                                                         984                                       836                                                         838                                  820                                  866                                  984                               866
                                                                                                                                                   ---                                       ---                                                         ---                                  ---                                  ---                                  ---                               ---
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                              
      Assets per Banking Division FTE                                                                                                           $4,473                                    $4,157                                                      $4,112                               $4,129                               $4,102                               $4,473                            $4,102
                                                                                                                                                                                                                                                                                                                                                                                
      Branch locations                                                                                                                              68                                        57                                                          57                                   57                                   66                                   68                                66
                                                                                                                                                                                                                                                                                                                                                                                                              
      Deposits per branch location                                                                                                             $44,106                                   $42,867                                                     $42,861                              $43,684                              $39,768                              $44,106                           $39,768
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                              
      (1)Includes gain from acquisition.

                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                              AMERIS BANCORP
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                           FINANCIAL HIGHLIGHTS
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                               (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                      (dollars in thousands except per share data and FTE headcount)
                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                            
                                                                                                                                 Three Months Ended                                                    Twelve Months Ended
                                                                                                                                ------------------                                                   -------------------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                      Dec.                                     Sept.                                                        Jun.                                   Mar.                                 Dec.                                 Dec.                                Dec.
                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                      2013                                      2013                                                        2013                                 2013                                 2012                                 2013                              2012
                                                                                                                                                      ----                                      ----                                                        ----                                 ----                                 ----                                 ----                              ----
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    INCOME STATEMENT
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Interest income
                                                                                                                                                                                                                                                                                                                                                                                                                  
      Interest and fees on loans                                                                                                                   $29,289                                   $29,633                                                     $29,859                              $28,716                              $30,329                             $117,497                          $119,310
                                                                                                                                                                                                                                                                                                                                                                                    
      Interest on taxable securities                                                                                                                 1,998                                     1,720                                                       1,719                                1,697                                1,737                                7,134                             8,250
                                                                                                                                                                                                                                                                                                                                                                                    
      Interest on nontaxable securities                                                                                                                342                                       352                                                         344                                  375                                  371                                1,413                             1,475
                                                                                                                                                                                                                                                                                                                                                                                    
      Interest on deposits in other banks                                                                                                              118                                        44                                                          29                                   85                                  102                                  276                               434
                                                                                                                                                                                                                                                                                                                                                                                                                  
      Interest on federal funds sold                                                                                                                     2                                         -                                                           -                                    -                                    -                                    2                                10
                                                                                                                                                                                                                                                                                                                                                                                    
        Total interest income                                                                                                                       31,749                                    31,749                                                      31,951                               30,873                               32,539                              126,322                           129,479
                                                                                                                                                    ------                                    ------                                                      ------                               ------                               ------                              -------                           -------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Interest expense
                                                                                                                                                                                                                                                                                                                                                                                                                  
      Interest on deposits                                                                                                                          $2,066                                    $2,025                                                      $2,083                               $2,226                               $2,603                               $8,400                           $13,327
                                                                                                                                                                                                                                                                                                                                                                                    
      Interest on other borrowings                                                                                                                     632                                       404                                                         392                                  309                                  377                                1,737                             1,747
                                                                                                                                                       ---                                       ---                                                         ---                                  ---                                  ---
                                                                                                                                                                                                                                                                                                                                                                                    
        Total interest expense                                                                                                                       2,698                                     2,429                                                       2,475                                2,535                                2,980                               10,137                            15,074
                                                                                                                                                     -----                                     -----                                                       -----                                -----                                -----                               ------                            ------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                    
    Net interest income                                                                                                                             29,051                                    29,320                                                      29,476                               28,338                               29,559                              116,185                           114,405
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                    
    Provision for loan losses                                                                                                                        1,478                                     2,920                                                       4,165                                2,923                                4,442                               11,486                            31,089
                                                                                                                                                     -----                                     -----                                                       -----                                -----                                -----                               ------                            ------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Net interest income/(loss) after provision for loan losses                                                                                     $27,573                                   $26,400                                                     $25,311                              $25,415                              $25,117                             $104,699                           $83,316
                                                                                                                                                   -------                                   -------                                                     -------                              -------                              -------                             --------                           -------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Noninterest income
                                                                                                                                                                                                                                                                                                                                                                                                                  
      Service charges on deposit accounts                                                                                                           $5,065                                    $4,948                                                      $4,695                               $4,837                               $5,299                              $19,545                           $19,576
                                                                                                                                                                                                                                                                                                                                                                                    
      Mortgage banking activity                                                                                                                      4,431                                     5,232                                                       5,001                                4,464                                4,768                               19,128                            12,989
                                                                                                                                                                                                                                                                                                                                                                                    
      Other service charges, commissions and fees                                                                                                      612                                       593                                                         617                                  329                                  387                                2,151                             1,431
                                                                                                                                                                                                                                                                                                                                                                                                                  
      Gain(loss) on sale of securities                                                                                                                   -                                         -                                                          (1)                                 172                                  322                                  171                               536
                                                                                                                                                                                                                                                                                                                                                                                                                  
      Gains from acquisitions                                                                                                                            -                                         -                                                           -                                    -                                    -                                    0                            20,037
                                                                                                                                                                                                                                                                                                                                                                                    
      Other non-interest income                                                                                                                      1,409                                     1,515                                                       1,072                                1,558                                1,128                                5,554                             3,305
                                                                                                                                                                                                                                                                                                                                                                                    
        Total noninterest income                                                                                                                    11,517                                    12,288                                                      11,384                               11,360                               11,904                               46,549                            57,874
                                                                                                                                                    ------                                    ------                                                      ------                               ------                               ------                               ------                            ------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Noninterest expense
                                                                                                                                                                                                                                                                                                                                                                                    
      Salaries and employee benefits                                                                                                                15,071                                    14,412                                                      13,381                               13,806                               15,785                               56,670                            53,122
                                                                                                                                                                                                                                                                                                                                                                                    
      Occupancy and equipment expenses                                                                                                               3,228                                     3,149                                                       2,978                                2,931                                3,653                               12,286                            13,208
                                                                                                                                                                                                                                                                                                                                                                                    
      Data processing and telecommunications
       expenses                                                                                                                                      3,061                                     3,072                                                       2,836                                2,570                                3,254                               11,539                            10,683
                                                                                                                                                                                                                                                                                                                                                                                    
      Credit related expenses (1)                                                                                                                    5,322                                     2,971                                                       2,349                                4,844                                2,548                               15,486                            22,416
                                                                                                                                                                                                                                                                                                                                                                                    
      Advertising and marketing expenses                                                                                                               604                                       434                                                         327                                  255                                  488                                1,620                             1,622
                                                                                                                                                                                                                                                                                                                                                                                    
      Amortization of intangible assets                                                                                                                346                                       346                                                         358                                  364                                  364                                1,414                             1,359
                                                                                                                                                                                                                                                                                                                                                                                    
      Other non-interest expenses                                                                                                                    9,992                                     4,365                                                       4,459                                4,114                                3,699                               22,930                            17,059
                                                                                                                                                                                                                                                                                                                                                                                    
        Total noninterest expense                                                                                                                   37,624                                    28,749                                                      26,688                               28,884                               29,791                              121,945                           119,469
                                                                                                                                                    ------                                    ------                                                      ------                               ------                               ------                              -------                           -------
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Operating profit                                                                                                                                $1,466                                    $9,939                                                     $10,007                               $7,891                               $7,230                              $29,303                           $21,721
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                    
      Income tax expense                                                                                                                                88                                     3,262                                                       3,329                                2,606                                2,558                                9,285                             7,285
                                                                                                                                                       ---                                     -----                                                       -----                                -----                                -----                                -----                             -----
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Net income                                                                                                                                      $1,378                                    $6,677                                                      $6,678                               $5,285                               $4,672                              $20,018                           $14,436
                                                                                                                                                    ======                                    ======                                                      ======                               ======                               ======                              =======                           =======
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                    
    Preferred stock dividends                                                                                                                          412                                       443                                                         442                                  441                                1,118                                1,738                             3,577
                                                                                                                                                       ---                                       ---                                                         ---                                  ---                                -----                                -----                             -----
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                   
    Net income available to common shareholders                                                                                                       $966                                    $6,234                                                      $6,236                               $4,844                               $3,554                              $18,280                           $10,859
                                                                                                                                                      ====                                    ======                                                      ======                               ======                               ======                              =======                           =======
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                    
    Diluted earnings available to common shareholders                                                                                                 0.04                                      0.26                                                        0.26                                 0.20                                 0.15                                 0.75                              0.46
                                                                                                                                                      ====                                      ====                                                        ====                                 ====                                 ====                                 ====                              ====
                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                       
      (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and
       writedowns.

                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                   AMERIS BANCORP
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                FINANCIAL HIGHLIGHTS
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                     (unaudited)
                                                                                                                                                                                                                                                                                                                    
                                                                                                                           (dollars in thousands except per share data and FTE headcount)
                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                          
                                                                                                                          Three Months Ended
                                                                                                                          ------------------
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                Dec.                                     Sept.                                      Jun.                                   Mar.                                 Dec.
                                                                                                                                                                                                                                                                                  
                                                                                                                                                2013                                      2013                                      2013                                 2013                                 2012
                                                                                                                                                ----                                      ----                                      ----                                 ----                                 ----
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
    PERIOD-END BALANCE SHEET
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
    Assets
                                                                                                                                                                                                                                                                                                                   
      Cash and due from banks                                                                                                                $62,955                                   $53,516                                   $50,343                              $50,487                              $80,256
                                                                                                                                                                                                                                                                                  
      Federal funds sold and interest bearing
       balances                                                                                                                              204,984                                    73,899                                    43,904                               81,205                              193,677
                                                                                                                                                                                                                                                                                  
      Investment securities available for sale,
       at fair value                                                                                                                         486,235                                   312,248                                   316,168                              324,029                              346,909
                                                                                                                                                                                                                                                                                  
      Other investments                                                                                                                       16,828                                     7,764                                     7,764                                5,528                                6,832
                                                                                                                                                                                                                                                                                  
      Mortgage loans held for sale                                                                                                            67,278                                    69,634                                    62,580                               42,332                               48,786
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                  
      Loans, net of unearned income                                                                                                        1,618,454                                 1,589,267                                 1,555,827                            1,492,753                            1,450,635
                                                                                                                                                                                                                                                                                                                   
      Purchased non-covered loans                                                                                                            448,753                                         -                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                  
      Covered loans                                                                                                                          390,237                                   417,649                                   443,517                              460,724                              507,712
                                                                                                                                                                                                                                                                                  
      Less allowance for loan losses                                                                                                          22,377                                    23,854                                    24,217                               23,382                               23,593
                                                                                                                                              ------                                    ------                                    ------                               ------                               ------
                                                                                                                                                                                                                                                                                  
        Loans, net                                                                                                                         2,435,067                                 1,983,062                                 1,975,127                            1,930,095                            1,934,754
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                  
      Other real estate owned                                                                                                                 33,351                                    37,978                                    39,885                               40,434                               39,850
                                                                                                                                                                                                                                                                                                                   
      Purchased, non-covered other real estate
       owned                                                                                                                                   4,276                                         -                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                  
      Covered other real estate owned                                                                                                         45,893                                    52,552                                    62,178                               77,915                               88,273
                                                                                                                                              ------                                    ------                                    ------                               ------                               ------
                                                                                                                                                                                                                                                                                  
        Total other real estate owned                                                                                                         83,520                                    90,530                                   102,063                              118,349                              128,123
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                  
      Premises and equipment, net                                                                                                            103,188                                    65,661                                    70,167                               72,340                               75,983
                                                                                                                                                                                                                                                                                  
      Intangible assets, net                                                                                                                   6,009                                     1,972                                     2,318                                2,676                                3,040
                                                                                                                                                                                                                                                                                  
      Goodwill                                                                                                                                35,049                                       956                                       956                                  956                                  956
                                                                                                                                                                                                                                                                                  
      FDIC loss sharing receivable                                                                                                            65,441                                    81,763                                   105,513                              160,979                              159,724
                                                                                                                                                                                                                                                                                  
      Cash value of bank owned life insurance                                                                                                 49,432                                    49,095                                    47,495                               45,832                               15,603
                                                                                                                                                                                                                                                                                  
      Other assets                                                                                                                            51,663                                    28,402                                    24,277                               26,843                               24,409
                                                                                                                                                                                                                                                                                                                    
        Total assets                                                                                                                      $3,667,649                                $2,818,502                                $2,808,675                           $2,861,651                           $3,019,052
                                                                                                                                          ==========                                ==========                                ==========                           ==========                           ==========
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
    Liabilities
                                                                                                                                                                                                                                                                                                                   
      Deposits:
                                                                                                                                                                                                                                                                                                                    
        Noninterest-bearing                                                                                                                 $668,531                                  $475,505                                  $475,445                             $490,961                             $510,751
                                                                                                                                                                                                                                                                                  
        Interest-bearing                                                                                                                   2,330,700                                 1,967,916                                 1,967,658                            1,999,012                            2,113,912
                                                                                                                                           ---------                                 ---------                                 ---------                            ---------                            ---------
                                                                                                                                                                                                                                                                                  
      Total deposits                                                                                                                       2,999,231                                 2,443,421                                 2,443,103                            2,489,973                            2,624,663
                                                                                                                                                                                                                                                                                                                   
      Federal funds purchased & securities sold under
                                                                                                                                                                                                                                                                                  
        agreements to repurchase                                                                                                              83,516                                    20,255                                    19,142                               22,919                               50,120
                                                                                                                                                                                                                                                                                                                   
      Other borrowings                                                                                                                       195,000                                     5,000                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                  
      Other liabilities                                                                                                                        3,439                                    17,201                                    16,384                               22,768                               22,983
                                                                                                                                                                                                                                                                                  
      Subordinated deferrable interest
       debentures                                                                                                                             69,764                                    42,269                                    42,269                               42,269                               42,269
                                                                                                                                                                                                                                                                                  
        Total liabilities                                                                                                                  3,350,950                                 2,528,146                                 2,520,898                            2,577,929                            2,740,035
                                                                                                                                           ---------                                 ---------                                 ---------                            ---------                            ---------
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
    Stockholders' equity
                                                                                                                                                                                                                                                                                                                    
      Preferred stock                                                                                                                        $28,000                                   $27,938                                   $27,845                              $27,753                              $27,662
                                                                                                                                                                                                                                                                                  
      Common stock                                                                                                                            26,462                                    25,271                                    25,258                               25,239                               25,155
                                                                                                                                                                                                                                                                                  
      Capital surplus                                                                                                                        189,722                                   165,835                                   165,483                              165,078                              164,949
                                                                                                                                                                                                                                                                                  
      Retained earnings                                                                                                                       83,991                                    83,025                                    76,791                               70,554                               65,710
                                                                                                                                                                                                                                                                                  
      Accumulated other comprehensive income/(loss)                                                                                             (294)                                     (531)                                    3,582                                6,274                                6,607
                                                                                                                                                                                                                                                                                  
      Less treasury stock                                                                                                                    (11,182)                                  (11,182)                                  (11,182)                             (11,176)                             (11,066)
                                                                                                                                                                                                                                                                                  
        Total stockholders' equity                                                                                                           316,699                                   290,356                                   287,777                              283,722                              279,017
                                                                                                                                             -------                                   -------                                   -------                              -------                              -------
                                                                                                                                                                                                                                                                                                                    
        Total liabilities and stockholders' equity                                                                                        $3,667,649                                $2,818,502                                $2,808,675                           $2,861,651                           $3,019,052
                                                                                                                                          ==========                                ==========                                ==========                           ==========                           ==========
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                    
    Other Data
                                                                                                                                                                                                                                                                                  
    Earning Assets                                                                                                                         3,215,941                                 2,462,697                                 2,421,996                            2,401,043                            2,547,719
                                                                                                                                                                                                                                                                                  
    Intangible Assets                                                                                                                         41,058                                     2,928                                     3,274                                3,632                                3,996
                                                                                                                                                                                                                                                                                  
    Interest Bearing Liabilities                                                                                                           2,678,980                                 2,035,440                                 2,029,069                            2,064,200                            2,206,301
                                                                                                                                                                                                                                                                                  
    Average Assets                                                                                                                         2,937,434                                 2,806,799                                 2,820,863                            2,875,274                            2,985,116
                                                                                                                                                                                                                                                                                  
    Average Common Stockholders' Equity                                                                                                      248,429                                   246,490                                   251,240                              251,214                              240,787

                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                       AMERIS BANCORP
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                    FINANCIAL HIGHLIGHTS
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                        (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                               (dollars in thousands except per share data and FTE headcount)
                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                              
                                                                                                                                                  Three Months Ended                                                   Twelve Months Ended
                                                                                                                                                  ------------------                                                   -------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                        Dec.                                     Sept.                                                        Jun.                                   Mar.                                 Dec.                                 Dec.                                Dec.
                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                        2013                                      2013                                                        2013                                 2013                                 2012                                 2013                              2012
                                                                                                                                                                        ----                                      ----                                                        ----                                 ----                                 ----                                 ----                              ----
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
    ASSET QUALITY INFORMATION(1)
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
    Allowance for loan losses
                                                                                                                                                                                                                                                                                                                                                                                                                                    
      Balance at beginning of period                                                                                                                                 $23,854                                   $24,217                                                     $23,382                              $23,593                              $25,901                              $23,593                           $35,156
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                      
      Provision for loan loss (2)                                                                                                                                      1,200                                     2,449                                                       3,695                                2,603                                4,091                                9,947                            28,451
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                      
        Charge-offs                                                                                                                                                    3,591                                     3,457                                                       3,200                                3,036                                6,996                               13,284                            41,163
                                                                                                                                                                                                                                                                                                                                                                                                      
        Recoveries                                                                                                                                                       914                                       645                                                         340                                  222                                  597                                2,121                             1,149
                                                                                                                                                                         ---                                       ---                                                         ---                                  ---                                  ---                                -----                             -----
                                                                                                                                                                                                                                                                                                                                                                                                      
      Net charge-offs (recoveries)                                                                                                                                     2,677                                     2,812                                                       2,860                                2,814                                6,399                               11,163                            40,014
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
      Ending balance                                                                                                                                                 $22,377                                   $23,854                                                     $24,217                              $23,382                              $23,593                              $22,377                           $23,593
                                                                                                                                                                     =======                                   =======                                                     =======                              =======                              =======                              =======                           =======
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                      
      As a percentage of loans                                                                                                                                          1.38%                                     1.50%                                                       1.56%                                1.57%                                1.63%                                1.38%                             1.63%
                                                                                                                                                                                                                                                                                                                                                                                                      
      As a percentage of nonperforming loans                                                                                                                           76.63%                                    75.20%                                                      76.13%                               62.39%                               60.67%                               76.63%                            60.67%
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
    Net charge-off information
                                                                                                                                                                                                                                                                                                                                                                                                                                    
      Charge-offs
                                                                                                                                                                                                                                                                                                                                                                                                                                    
      Commercial, Financial and Agricultural                                                                                                                            $543                                      $482                                                        $324                                 $410                                 $562                               $1,759                            $1,451
                                                                                                                                                                                                                                                                                                                                                                                                      
      Real Estate - Residential                                                                                                                                        1,785                                     1,323                                                       1,328                                  779                                2,080                                5,215                             8,722
                                                                                                                                                                                                                                                                                                                                                                                                      
      Real Estate - Commercial and Farmland                                                                                                                              698                                     1,080                                                         768                                1,025                                2,352                                3,571                            20,551
                                                                                                                                                                                                                                                                                                                                                                                                      
      Real Estate - Construction and Development                                                                                                                         422                                       367                                                         576                                  655                                1,561                                2,020                             9,380
                                                                                                                                                                                                                                                                                                                                                                                                      
      Consumer Installment                                                                                                                                               143                                       205                                                         204                                  167                                  441                                  719                             1,059
                                                                                                                                                                                                                                                                                                                                                                                                      
        Total charge-offs                                                                                                                                              3,591                                     3,457                                                       3,200                                3,036                                6,996                               13,284                            41,163
                                                                                                                                                                       -----                                     -----                                                       -----                                -----                                -----                               ------                            ------
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
      Recoveries
                                                                                                                                                                                                                                                                                                                                                                                                      
      Commercial, Financial and Agricultural                                                                                                                              92                                       212                                                          44                                   84                                   56                                  432                               157
                                                                                                                                                                                                                                                                                                                                                                                                      
      Real Estate - Residential                                                                                                                                          368                                       291                                                         144                                   85                                   26                                  888                               225
                                                                                                                                                                                                                                                                                                                                                                                                      
      Real Estate - Commercial and Farmland                                                                                                                               12                                         5                                                          10                                    3                                  450                                   30                               482
                                                                                                                                                                                                                                                                                                                                                                                                      
      Real Estate - Construction and Development                                                                                                                         385                                        84                                                           2                                    2                                   17                                  473                                40
                                                                                                                                                                                                                                                                                                                                                                                                      
      Consumer Installment                                                                                                                                                57                                        53                                                         140                                   48                                   48                                  298                               245
                                                                                                                                                                                                                                                                                                                                                                                                      
        Total recoveries                                                                                                                                                 914                                       645                                                         340                                  222                                  597                                2,121                             1,149
                                                                                                                                                                         ---                                       ---                                                         ---                                  ---                                  ---                                -----                             -----
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
      Net charge-offs (recoveries)                                                                                                                                    $2,677                                    $2,812                                                      $2,860                               $2,814                               $6,399                              $11,163                           $40,014
                                                                                                                                                                      ======                                    ======                                                      ======                               ======                               ======                              =======                           =======
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                      
    Non-accrual loans (excluding purchased non-covered                                                                                                                29,203                                    31,720                                                      31,811                               37,476                               38,885                               29,203                            38,885
         and covered loans)
                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Non-accrual purchased non-covered loans                                                                                                                            6,659                                         -                                                           -                                    -                                    -                                6,659                                 -
                                                                                                                                                                                                                                                                                                                                                                                                      
    Foreclosed assets (excluding purchased assets)                                                                                                                    33,351                                    37,978                                                      39,885                               40,434                               39,850                               33,351                            39,850
                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Purchased, non-covered other real estate owned                                                                                                                     4,276                                         -                                                           -                                    -                                    -                                4,276                                 -
                                                                                                                                                                                                                                                                                                                                                                                                                                     
    Accruing loans delinquent 90 days or more                                                                                                                              -                                         -                                                           -                                    -                                    -                                    -                                 -
                                                                                                                                                                         ---                                       ---                                                         ---                                  ---                                  ---
                                                                                                                                                                                                                                                                                                                                                                                                      
    Total non-performing assets, excluding covered assets                                                                                                             73,489                                    69,698                                                      71,696                               77,910                               78,735                               73,489                            78,735
                                                                                                                                                                      ------                                    ------                                                      ------                               ------                               ------                               ------                            ------
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                      
    Non-performing assets as a percent of total assets                                                                                                                  2.00%                                     2.47%                                                       2.55%                                2.72%                                2.61%                                2.00%                             2.61%
                                                                                                                                                                                                                                                                                                                                                                                                      
    Net charge offs as a percent of loans (Annualized)                                                                                                                  0.66%                                     0.70%                                                       0.74%                                0.76%                                1.75%                                0.69%                             2.76%
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                     
    (1) Asset quality information is presented net of covered assets where the Company's risk exposure is limited substantially by loss sharing agreements with the FDIC.
                                                                                                                                                                                                                                                                                                                                                                                                                                     
    (2) During 2012 and 2013, the Company recorded provision for loan loss expense to account for losses where the initial estimate of cash flows was found to be excessive on loans
                                                                                                                                                                                                                                                                                                                                                                                                                                     
          acquired in FDIC assisted acquisitions.  These amounts are excluded from the calculation above but reflected in the Company's Consolidated Statement of Operations.

                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                          AMERIS BANCORP
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                       FINANCIAL HIGHLIGHTS
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                           (unaudited)
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                  (dollars in thousands except per share data and FTE headcount)
                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                       
                                                                                                                                                                     For the quarter ended:
                                                                                                                                                                     ----------------------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                             Dec.                                     Sept.                                      Jun.                                   Mar.                                 Dec.
                                                                                                                                                                                                                                                                                                                               
        Loans by Type                                                                                                                                                                        2013                                      2013                                      2013                                 2013                                 2012
                                                                                                                                                                                             ----                                      ----                                      ----                                 ----                                 ----
                                                                                                                                                                                                                                                                                                                                                                 
        Commercial, financial & agricultural                                                                                                                                             $244,373                                  $244,991                                  $208,424                             $180,888                             $174,217
                                                                                                                                                                                                                                                                                                                               
        Real estate - construction & development                                                                                                                                          146,371                                   132,277                                   134,607                              130,161                              114,199
                                                                                                                                                                                                                                                                                                                               
        Real estate - commercial & farmland                                                                                                                                               808,323                                   799,149                                   788,654                              766,227                              732,322
                                                                                                                                                                                                                                                                                                                               
        Real estate - residential                                                                                                                                                         351,886                                   355,920                                   357,685                              355,716                              346,480
                                                                                                                                                                                                                                                                                                                               
        Consumer installment                                                                                                                                                               34,249                                    36,303                                    36,923                               37,335                               40,178
                                                                                                                                                                                                                                                                                                                               
        Other                                                                                                                                                                              33,252                                    20,627                                    29,534                               22,426                               43,239
                                                                                                                                                                                                                                                                                                                                                                 
            Total Legacy (excluding purchased non-covered and covered)                                                                                                                 $1,618,454                                $1,589,267                                $1,555,827                           $1,492,753                           $1,450,635
                                                                                                                                                                                       ----------                                ----------                                ----------                           ----------                           ----------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
        Commercial, financial & agricultural                                                                                                                                              $32,141             $                           -              $                          -             $                      -            $                       -
                                                                                                                                                                                                                                                                                                                                                                
        Real estate - construction & development                                                                                                                                           31,176                                         -                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                                                                                                
        Real estate - commercial & farmland                                                                                                                                               179,898                                         -                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                                                                                                
        Real estate - residential                                                                                                                                                         200,851                                         -                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                                                                                                
        Consumer installment                                                                                                                                                                4,687                                         -                                         -                                    -                                    -
                                                                                                                                                                                                                                                                                                                                                                 
            Total Purchased non-covered (at fair value)                                                                                                                                  $448,753             $                           -              $                          -             $                      -            $                       -
                                                                                                                                                                                         --------             -----------------------------              ----------------------------             ------------------------            -------------------------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
        Commercial, financial & agricultural                                                                                                                                              $26,550                                   $27,768                                   $27,371                              $28,568                              $32,606
                                                                                                                                                                                                                                                                                                                               
        Real estate - construction & development                                                                                                                                           43,179                                    50,702                                    52,972                               57,114                               70,184
                                                                                                                                                                                                                                                                                                                               
        Real estate - commercial & farmland                                                                                                                                               224,451                                   237,086                                   255,102                              260,159                              278,506
                                                                                                                                                                                                                                                                                                                               
        Real estate - residential                                                                                                                                                          95,173                                   101,146                                   107,107                              113,668                              125,056
                                                                                                                                                                                                                                                                                                                               
        Consumer installment                                                                                                                                                                  884                                       947                                       965                                1,215                                1,360
                                                                                                                                                                                                                                                                                                                                                                 
            Total Covered (at fair value)                                                                                                                                                $390,237                                  $417,649                                  $443,517                             $460,724                             $507,712
                                                                                                                                                                                         --------                                  --------                                  --------                             --------                             --------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
        Total Loan Portfolio:
                                                                                                                                                                                                                                                                                                                                                                 
        Commercial, financial & agricultural                                                                                                                                             $303,064                                  $272,759                                  $235,795                             $209,456                             $206,823
                                                                                                                                                                                                                                                                                                                               
        Real estate - construction & development                                                                                                                                          220,726                                   182,979                                   187,579                              187,275                              184,383
                                                                                                                                                                                                                                                                                                                               
        Real estate - commercial & farmland                                                                                                                                             1,212,672                                 1,036,235                                 1,043,756                            1,026,386                            1,010,828
                                                                                                                                                                                                                                                                                                                               
        Real estate - residential                                                                                                                                                         647,910                                   457,066                                   464,792                              469,384                              471,536
                                                                                                                                                                                                                                                                                                                               
        Consumer installment                                                                                                                                                               39,820                                    37,250                                    37,888                               38,550                               41,538
                                                                                                                                                                                                                                                                                                                               
        Other                                                                                                                                                                              33,252                                    20,627                                    29,534                               22,426                               43,239
                                                                                                                                                                                                                                                                                                                                                                 
            Total Loans                                                                                                                                                                $2,457,444                                $2,006,916                                $1,999,344                           $1,953,477                           $1,958,347
                                                                                                                                                                                       ----------                                ----------                                ----------                           ----------                           ----------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                       
        Troubled Debt Restructurings, excluding purchased non-covered and covered loans:
                                                                                                                                                                                                                                                                                                                                                                 
        Accruing loan types:
                                                                                                                                                                                                                                                                                                                                                                 
        Commercial, financial & agricultural                                                                                                                                                 $515                                      $521                                    $1,059                                 $799                                 $802
                                                                                                                                                                                                                                                                                                                               
        Real estate - construction & development                                                                                                                                            1,896                                     1,926                                     1,946                                1,883                                1,735
                                                                                                                                                                                                                                                                                                                               
        Real estate - commercial & farmland                                                                                                                                                 6,913                                     6,693                                     7,529                                8,878                                8,947
                                                                                                                                                                                                                                                                                                                               
        Real estate - residential                                                                                                                                                           7,818                                     7,871                                     7,468                                6,953                                7,254
                                                                                                                                                                                                                                                                                                                                                                
        Consumer installment                                                                                                                                                                   72                                        13                                        13                                    -                                    6
                                                                                                                                                                                                                                                                                                                                                                 
            Total Accruing TDRs                                                                                                                                                           $17,214                                   $17,024                                   $18,015                              $18,513                              $18,744
                                                                                                                                                                                          -------                                   -------                                   -------                              -------                              -------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
        Non-accruing loan types:
                                                                                                                                                                                                                                                                                                                                                                 
        Commercial, financial & agricultural                                                                                                                                                 $525                                      $533              $                          -             $                      -            $                       -
                                                                                                                                                                                                                                                                                                                                                                
        Real estate - construction & development                                                                                                                                               32                                        29                                        29                                   43                                    -
                                                                                                                                                                                                                                                                                                                               
        Real estate - commercial & farmland                                                                                                                                                 2,273                                     1,858                                     1,493                                3,595                                4,149
                                                                                                                                                                                                                                                                                                                               
        Real estate - residential                                                                                                                                                             834                                       704                                     1,046                                1,111                                1,022
                                                                                                                                                                                                                                                                                                                                                                
        Consumer installment                                                                                                                                                                   19                                        26                                         -                                    6                                    -
                                                                                                                                                                                                                                                                                                                                                                 
            Total Non-accrual TDRs                                                                                                                                                         $3,683                                    $3,150                                    $2,568                               $4,755                               $5,171
                                                                                                                                                                                           ------                                    ------                                    ------                               ------                               ------
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
        Total Troubled Debt Restructurings                                                                                                                                                $20,897                                   $20,174                                   $20,583                              $23,268                              $23,915
                                                                                                                                                                                          =======                                   =======                                   =======                              =======                              =======
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                
    The following table presents the loan portfolio by risk grade, excluding purchased non-covered and covered loans:
                                                                                                                                                                                                                                                                                                                                                                 
        Grade 10 - Prime credit                                                                                                                                                           $74,381                                   $72,759                                   $44,852                              $40,268                              $32,993
                                                                                                                                                                                                                                                                                                                               
        Grade 15 - Good credit                                                                                                                                                            230,212                                   230,810                                   241,690                              232,773                              236,500
                                                                                                                                                                                                                                                                                                                               
        Grade 20 - Satisfactory credit                                                                                                                                                    773,051                                   731,154                                   708,606                              665,777                              641,950
                                                                                                                                                                                                                                                                                                                               
        Grade 23 - Performing, under-collateralized credit                                                                                                                                 31,604                                    30,729                                    29,829                               29,403                               31,433
                                                                                                                                                                                                                                                                                                                               
        Grade 25 - Minimum acceptable credit                                                                                                                                              420,491                                   433,358                                   443,105                              425,646                              399,210
                                                                                                                                                                                                                                                                                                                               
        Grade 30 - Other asset especially mentioned                                                                                                                                        30,591                                    28,952                                    29,265                               32,485                               35,298
                                                                                                                                                                                                                                                                                                                               
        Grade 40 - Substandard                                                                                                                                                             57,987                                    61,270                                    57,880                               66,147                               72,994
                                                                                                                                                                                                                                                                                                                               
        Grade 50 - Doubtful                                                                                                                                                                   137                                       235                                       598                                  254                                  257
                                                                                                                                                                                                                                                                                                                                                                 
        Grade 60 - Loss                                                                                                                                                                         -                                         -                                         2                                    -                                    -
                                                                                                                                                                                              ---                                       ---                                       ---                                  ---                                  ---
                                                                                                                                                                                                                                                                                                                                                                 
          Total                                                                                                                                                                        $1,618,454                                $1,589,267                                $1,555,827                           $1,492,753                           $1,450,635
                                                                                                                                                                                       ----------                                ----------                                ----------                           ----------                           ----------


                                                                                                             AMERIS BANCORP

                                                                                                          FINANCIAL HIGHLIGHTS

                                                                                                              (unaudited)

                                                                                     (dollars in thousands except per share data and FTE headcount)



                                                    Three Months Ended                                 Twelve Months Ended
                                                    ------------------                                 -------------------

                                                          Dec.                   Sept.                                                        Jun.               Mar.            Dec.            Dec.            Dec.

                                                                          2013                    2013                                                    2013              2013            2012            2013            2012
                                                                          ----                    ----                                                    ----              ----            ----            ----            ----



    AVERAGE BALANCES


        Federal funds sold                                              $3,243 $                     -                                 $                     - $               -             $57            $817         $14,800

        Interest bearing deposits in banks                             172,117                  66,424                                                  52,090           101,452         152,875          98,128         140,701

        Investment securities - taxable                                276,702                 260,262                                                 271,282           286,745         300,773         273,065         313,362

        Investment securities - nontaxable                              51,291                  52,279                                                  50,300            53,819          52,017          51,917          48,111

        Other investments                                                8,255                   7,764                                                   7,002             6,687           6,702           7,431           8,261

        Mortgage loans held for sale                                   130,971                 125,113                                                 100,766            63,732          46,763         110,542          29,194

        Loans                                                        1,537,654               1,500,447                                               1,471,778         1,424,594       1,424,302       1,478,816       1,393,012

        Purchased non-covered loans                                     43,900                       -                                                       -                 -               -          11,065               -

        Covered loans                                                  401,045                 427,482                                                 444,616           491,691         519,892         440,923         553,657
                                                                       -------                 -------                                                 -------           -------         -------

          Total Earning Assets                                      $2,625,178              $2,439,771                                              $2,397,834         2,428,720       2,503,381      $2,472,704      $2,501,098
                                                                    ----------              ----------                                              ----------         ---------       ---------      ----------      ----------


        Noninterest bearing deposits                                  $528,732                $468,588                                                $479,054          $481,760        $502,069        $489,613        $447,111

        NOW accounts                                                   604,828                 573,088                                                 579,312           633,313         626,440         597,490         610,399

        MMDA                                                           655,782                 639,304                                                 611,562           592,842         606,908         625,085         613,296

        Savings accounts                                               107,058                 104,498                                                 104,534           102,380         100,722         104,630          96,493

        Retail CDs < $100,000                                          293,689                 290,771                                                 298,553           313,191         342,518         300,184         361,083

        Retail CDs > $100,000                                          352,043                 349,931                                                 358,980           368,577         391,075         356,108         412,185

        Brokered CDs                                                    10,687                  12,970                                                  16,176            19,448          34,588          14,791          57,273

          Total Deposits                                             2,552,819               2,439,150                                               2,448,171         2,511,511       2,604,320       2,487,901       2,597,840
                                                                     ---------               ---------                                               ---------         ---------       ---------       ---------       ---------


        FHLB advances                                                    9,521                       -                                                       -                 -               -           2,400           3,635

        Other borrowings                                                 6,304                   1,739                                                       -                 -               -           2,027               -

        Subordinated debentures                                         46,263                  42,269                                                  42,269            42,269          42,269          43,276          42,269

        Federal funds purchased and securities sold

        under agreements to repurchase                                  41,402                  18,446                                                  20,530            27,191          36,165          26,908          26,563

          Total Non-Deposit Funding                                    103,490                  62,454                                                  62,799            69,460          78,434          74,611          72,467
                                                                       -------                  ------                                                  ------            ------          ------          ------          ------


          Total Funding                                             $2,656,309              $2,501,604                                              $2,510,970        $2,580,971      $2,682,754      $2,562,512      $2,670,307
                                                                    ----------              ----------                                              ----------        ----------      ----------      ----------      ----------

                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                  AMERIS BANCORP
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                               FINANCIAL HIGHLIGHTS
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                   (unaudited)
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                          (dollars in thousands except per share data and FTE headcount)
                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                    
                                                                                                        Three Months Ended                                                   Twelve Months Ended
                                                                                                        ------------------                                                   -------------------
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                              Dec.                                     Sept.                                                        Jun.                                   Mar.                                 Dec.                                 Dec.                                Dec.
                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                              2013                                      2013                                                        2013                                 2013                                 2012                                 2013                              2012
                                                                                                                              ----                                      ----                                                        ----                                 ----                                 ----                                 ----                              ----
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                           
    INTEREST INCOME/EXPENSE
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                          
      INTEREST INCOME
                                                                                                                                                                                                                                                                                                                                                                                           
        Federal funds sold                                                                                                      $2             $                           -                                $                          -             $                      -            $                       -                                   $2                               $10
                                                                                                                                                                                                                                                                                                                                                            
        Interest bearing deposits in banks                                                                                     118                                        44                                                          29                                   85                                  102                                  276                               434
                                                                                                                                                                                                                                                                                                                                                            
        Investment securities - taxable                                                                                      1,998                                     1,720                                                       1,719                                1,697                                1,737                                7,134                             8,250
                                                                                                                                                                                                                                                                                                                                                            
        Investment securities - nontaxable (TE)                                                                                462                                       475                                                         464                                  506                                  501                                1,907                             1,991
                                                                                                                                                                                                                                                                                                                                                            
        Mortgage loans held for sale                                                                                         1,121                                     1,231                                                         959                                  572                                  455                                3,883                             1,058
                                                                                                                                                                                                                                                                                                                                                            
        Loans (TE)                                                                                                          20,243                                    20,254                                                      19,904                               19,604                               20,224                               80,005                            77,772
                                                                                                                                                                                                                                                                                                                                                                                          
        Purchased non-covered loans                                                                                            570                                         -                                                           -                                    -                                    -                                  570                                 -
                                                                                                                                                                                                                                                                                                                                                            
        Covered loans                                                                                                        7,508                                     8,248                                                       9,066                                8,765                                9,859                               33,587                            40,590
                                                                                                                             -----                                     -----                                                       -----                                -----                                -----
                                                                                                                                                                                                                                                                                                                                                                                           
        Total Earning Assets                                                                                               $32,022                                   $31,972                                                     $32,141                              $31,229                              $32,878                             $127,364                          $130,105
                                                                                                                           -------                                   -------                                                     -------                              -------                              -------                             --------                          --------
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                          
      INTEREST EXPENSE
                                                                                                                                                                                                                                                                                                                                                                                           
        Non-interest bearing deposits                                                                $                           -             $                           -                                $                          -             $                      -            $                       -            $                       -            $                    -
                                                                                                                                                                                                                                                                                                                                                            
        NOW accounts                                                                                                           297                                       248                                                         250                                  302                                  340                                1,097                             1,613
                                                                                                                                                                                                                                                                                                                                                            
        MMDA                                                                                                                   625                                       606                                                         555                                  522                                  537                                2,308                             2,811
                                                                                                                                                                                                                                                                                                                                                            
        Savings accounts                                                                                                        29                                        29                                                          29                                   29                                   30                                  116                               132
                                                                                                                                                                                                                                                                                                                                                            
        Retail CDs < $100,000                                                                                                  399                                       406                                                         437                                  498                                  600                                1,740                             3,101
                                                                                                                                                                                                                                                                                                                                                            
        Retail CDs > $100,000                                                                                                  629                                       635                                                         675                                  706                                  815                                2,645                             4,117
                                                                                                                                                                                                                                                                                                                                                            
        Brokered CDs                                                                                                            86                                       101                                                         137                                  169                                  281                                  493                             1,553
                                                                                                                                                                                                                                                                                                                                                            
        Total Deposits                                                                                                       2,065                                     2,025                                                       2,083                                2,226                                2,603                                8,399                            13,327
                                                                                                                             -----                                     -----                                                       -----                                -----                                -----                                -----                            ------
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                          
        FHLB advances                                                                                                           63                                         -                                                           -                                    -                                    -                                   63                               110
                                                                                                                                                                                                                                                                                                                                                                                          
        Other borrowings                                                                                                       137                                        20                                                           -                                    -                                    -                                  157                                 -
                                                                                                                                                                                                                                                                                                                                                            
        Subordinated debentures                                                                                                376                                       359                                                         363                                  270                                  332                                1,368                             1,482
                                                                                                                                                                                                                                                                                                                                                            
        Repurchase agreements                                                                                                   56                                        25                                                          28                                   37                                   43                                  146                               149
                                                                                                                                                                                                                                                                                                                                                                                           
        Correspondent bank line of credit and other                                                                              -                                         1                                                           1                                    2                                    2                                    4                                 6
                                                                                                                               ---                                       ---                                                         ---                                  ---                                  ---                                                                    ---
                                                                                                                                                                                                                                                                                                                                                            
          Total Non-Deposit Funding                                                                                            632                                       405                                                         392                                  309                                  377                                1,738                             1,747
                                                                                                                               ---                                       ---                                                         ---                                  ---                                  ---                                -----                             -----
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                           
          Total Funding                                                                                                     $2,697                                    $2,430                                                      $2,475                               $2,535                               $2,980                              $10,137                           $15,074
                                                                                                                            ------                                    ------                                                      ------                               ------                               ------                              -------                           -------
                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                           
        Net Interest Income (TE)                                                                                           $29,325                                   $29,542                                                     $29,666                              $28,694                              $29,898                             $117,227                          $115,031
                                                                                                                           -------                                   -------                                                     -------                              -------                              -------                             --------                          --------


                                                                                                                AMERIS BANCORP

                                                                                                             FINANCIAL HIGHLIGHTS

                                                                                                                  (unaudited)

                                                                                        (dollars in thousands except per share data and FTE headcount)



                                                                                                   Three Months Ended          Twelve Months Ended
                                                                                                   ------------------          -------------------

                                                                                                  Dec.             Sept.              Jun.             Mar.      Dec.      Dec.       Dec.

                                                                                                      2013              2013              2013             2013      2012       2013       2012
                                                                                                      ----              ----              ----             ----      ----       ----       ----

    YIELDS (1)


        Federal funds sold                                                                            0.24%             0.00%             0.00%            0.00%     0.00%      0.24%      0.07%

        Interest bearing deposits in banks                                                            0.27%             0.26%             0.22%            0.34%     0.27%      0.28%      0.31%

        Investment securities - taxable                                                               2.86%             2.62%             2.54%            2.40%     2.30%      2.61%      2.63%

        Investment securities - nontaxable                                                            3.57%             3.61%             3.70%            3.81%     3.83%      3.67%      4.14%

        Mortgage loans held for sale                                                                  3.40%             3.90%             3.82%            3.64%     3.87%      3.51%      3.62%

        Loans                                                                                         5.22%             5.36%             5.42%            5.58%     5.65%      5.41%      5.58%

        Purchased non-covered loans                                                                   5.15%             0.00%             0.00%            0.00%     0.00%      5.15%      0.00%

        Covered loans                                                                                 7.43%             7.65%             8.18%            7.23%     7.54%      7.62%      7.33%
                                                                                                      ----              ----              ----             ----      ----       ----       ----

          Total Earning Assets                                                                        4.84%             5.20%             5.38%            5.21%     5.22%      5.15%      5.20%


        Noninterest bearing deposits                                                                  0.00%             0.00%             0.00%            0.00%     0.00%      0.00%      0.00%

        NOW accounts                                                                                  0.19%             0.17%             0.17%            0.19%     0.22%      0.18%      0.26%

        MMDA                                                                                          0.38%             0.38%             0.36%            0.36%     0.35%      0.37%      0.46%

        Savings accounts                                                                              0.11%             0.11%             0.11%            0.11%     0.12%      0.11%      0.14%

        Retail CDs < $100,000                                                                         0.54%             0.55%             0.59%            0.64%     0.70%      0.58%      0.86%

        Retail CDs > $100,000                                                                         0.71%             0.72%             0.75%            0.78%     0.83%      0.74%      1.00%

        Brokered CDs                                                                                  3.19%             3.09%             3.40%            3.52%     3.23%      3.33%      2.71%
                                                                                                      ----              ----              ----             ----      ----       ----       ----

          Total Deposits                                                                              0.32%             0.33%             0.34%            0.36%     0.40%      0.34%      0.51%


        FHLB advances                                                                                 2.63%             0.00%             0.00%            0.00%     0.00%      2.63%      3.03%

        Subordinated debentures                                                                       3.22%             3.37%             3.44%            2.59%     3.12%      3.16%      3.51%

        Repurchase agreements                                                                         0.54%             0.54%             0.55%            0.55%     0.47%      0.54%      0.56%

        Correspondent bank line of credit and other                                                   0.00%             0.00%             0.00%            0.00%     0.00%      0.00%      0.00%
                                                                                                      ----              ----              ----             ----      ----       ----       ----

          Total Non-Deposit Funding                                                                   2.42%             2.57%             2.50%            1.80%     1.91%      2.33%      2.41%


          Total funding (3)                                                                           0.40%             0.39%             0.40%            0.40%     0.44%      0.40%      0.56%
                                                                                                      ----              ----              ----             ----      ----       ----       ----


        Net interest spread                                                                           4.44%             4.81%             4.98%            4.81%     4.78%      4.76%      4.64%


        Net interest margin                                                                           4.43%             4.80%             4.96%            4.79%     4.75%      4.74%      4.60%
                                                                                                      ====              ====              ====             ====      ====       ====       ====




    (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 35%.

    (2) Rate calculated based on average earning assets.

    (3) Rate calculated based on total average funding including non-interest bearing liabilities.


                                                                                                              AMERIS BANCORP

                                                                                                           FINANCIAL HIGHLIGHTS

                                                                                                               (unaudited)

                                                                                      (dollars in thousands except per share data and FTE headcount)



                                                          Three Months Ended                                      Twelve Months Ended
                                                          ------------------                                      -------------------

                                                                Dec.                        Sept.                                                    Jun.          Mar.          Dec.          Dec.           Dec.

    Pretax, Pre-provision Earnings Reconciliation                               2013                         2013                                            2013          2013          2012           2013          2012
                                                                                ----                         ----                                            ----          ----          ----           ----          ----


    Pre-tax operating profit/(loss)                                           $1,466                       $9,939                                         $10,007        $7,891        $7,230        $29,303       $21,721

    Plus: Credit Related Costs

        Provision for loan losses                                              1,478                        2,920                                           4,165         2,923         4,442         11,486        31,089

       (Gains)/Losses on the sale of legacy OREO                                 310                         (157)                                            134           (20)          464            267         9,512

        Problem loan and OREO expense                                          5,012                        3,128                                           2,215         4,864         2,084         15,219        12,905

        Interest reversed (received) on non-accrual loans                         29                          216                                             118            54           227            417           718


           Total Credit-Related Costs                                          6,829                        6,107                                           6,632         7,821         7,217         27,389        54,224
                                                                               -----                        -----                                           -----         -----         -----         ------        ------


    Plus: Non-recurring acquisition/conversion charges                         4,350                          512                                               -             -         2,125          4,862         2,125

    Less: Non-recurring gains

        Gains related to FDIC acquisitions                                         -                            -                                               -             -             -              -       (20,037)

        Gains on sales of securities                                               -                            -                                               1          (172)         (322)          (171)         (536)

           Gains on sales of bank premises                                         -                          159                                            (227)         (242)            -           (310)            -

        Other non-recurring adjustments                                            -                       (1,771)                                         (2,067)       (1,017)       (2,423)        (4,855)        1,402
                                                                                 ---                       ------                                          ------        ------        ------         ------         -----


    Pretax, Pre-provision earnings                                           $12,645                      $14,946                                         $14,346       $14,281       $13,827        $56,218       $58,899
                                                                             =======                      =======                                         =======       =======       =======        =======       =======


    As percentage of average assets, annualized                                 1.71%                        2.11%                                           2.04%         2.01%         1.84%          1.91%         1.97%




                                                          Three Months Ended                                      Twelve Months Ended
                                                          ------------------                                      -------------------

                                                                Dec.                        Sept.                                                    Jun.          Mar.          Dec.          Dec.           Dec.

    Recurring Operating Expenses                                                2013                         2013                                            2013          2013          2012           2013          2012
                                                                                ----                         ----                                            ----          ----          ----           ----          ----


    Total Operating Expenses                                                  37,624                       28,749                                          26,688        28,884        29,791        121,945       119,469

    Less: Credit costs & non-recurring charges

       Gains/(Losses) on the sale of legacy OREO                                (310)                         157                                            (134)           20          (464)          (267)       (9,512)

       Gains/(Losses) on the sale of covered OREO                                  -                            -                                               -        (3,176)            -         (3,176)            -

        Problem loan and OREO expense                                         (5,012)                      (3,128)                                         (2,215)       (1,688)       (2,084)       (12,043)      (12,905)

       Severance payments                                                          -                          (99)                                              -             -          (750)           (99)       (1,302)

           Conversion/acquisition expenses                                    (4,350)                        (413)                                              -             -        (1,375)        (4,763)       (1,660)

       Gains/(Losses) on the sale of premises                                      -                         (159)                                            227           242             -            310             -
                                                                                 ---                         ----                                             ---           ---           ---            ---           ---


    Recurring operating expenses                                             $27,952                      $25,107                                         $24,566       $24,282       $25,118       $101,907       $94,090
                                                                             =======                      =======                                         =======       =======       =======       ========       =======


                                                                                                    AMERIS BANCORP

                                                                                                 FINANCIAL HIGHLIGHTS

                                                                                                      (unaudited)

                                                                            (dollars in thousands except per share data and FTE headcount)



                                                Three Months Ended                               Twelve Months Ended
                                                ------------------                               -------------------

                                                      Dec.                 Sept.                                                        Jun.         Mar.         Dec.         Dec.          Dec.

    Segment Reporting                                                 2013                  2013                                                2013         2013         2012          2013          2012
                                                                      ----                  ----                                                ----         ----         ----          ----          ----


    Banking Division:

       Net interest income                                         $27,930               $28,089                                             $28,517      $27,766      $29,104      $112,302      $113,347

       Provision for loan losses                                     1,478                 2,920                                               4,165        2,923        4,442        11,486        31,089

       Noninterest income                                            7,086                 7,054                                               6,383        6,896        7,136        27,419        44,885

       Noninterest expense:

          Salaries and employee benefits                            11,841                10,799                                              10,478       11,037       13,021        44,155        45,456

          Occupancy                                                  3,080                 3,029                                               2,781        2,765        3,476        11,655        12,726

          Data Processing                                            2,953                 2,908                                               2,634        2,471        3,119        10,966        10,341

          Other expenses                                            14,257                 7,473                                               6,444        8,890        6,586        37,064        41,055
                                                                    ------                 -----                                               -----        -----        -----        ------        ------

             Total noninterest expense                              32,131                24,209                                              22,337       25,163       26,202       103,840       109,578
                                                                    ------                ------                                              ------       ------       ------       -------       -------

    Income before income taxes                                       1,407                 8,014                                               8,398        6,576        5,596        24,395        17,565

       Income Tax                                                       67                 2,588                                               2,766        2,146        1,986         7,567         5,831

             Net income                                              1,340                 5,426                                               5,632        4,430        3,610        16,828        11,734

       Preferred stock dividends                                       412                   443                                                 442          441        1,118         1,738         3,577
                                                                       ---                   ---                                                 ---          ---        -----         -----         -----

    Net income available to common shareholders                       $928                $4,983                                              $5,190       $3,989       $2,492       $15,090        $8,157
                                                                      ====                ======                                              ======       ======       ======       =======        ======



    Mortgage Division:

       Net interest income                                          $1,121                $1,231                                                $959         $572         $455        $3,883        $1,058

       Provision for loan losses                                         -                     -                                                   -            -            -             -             -

       Noninterest income                                            4,431                 5,234                                               5,001        4,464        4,768        19,130        12,989

       Noninterest expense:

          Salaries and employee benefits                             3,230                 3,613                                               2,903        2,769        2,764        12,515         7,666

          Occupancy                                                    148                   120                                                 197          166          177           631           482

          Data Processing                                              108                   164                                                 202           99          135           573           342

          Other expenses                                             2,007                   643                                               1,049          687          513         4,386         1,401
                                                                     -----                   ---                                               -----          ---          ---         -----         -----

             Total noninterest expense                               5,493                 4,540                                               4,351        3,721        3,589        18,105         9,891
                                                                     -----                 -----                                               -----        -----        -----        ------         -----

    Income before income taxes                                          59                 1,925                                               1,609        1,315        1,634         4,908         4,156

       Income Tax                                                       21                   674                                                 563          460          572         1,718         1,454

             Net income                                                 38                 1,251                                               1,046          855        1,062         3,190         2,702

       Preferred stock dividends                                         -                     -                                                   -            -            -             -             -
                                                                       ---                   ---                                                 ---          ---          ---           ---           ---

    Net income available to common shareholders                        $38                $1,251                                              $1,046         $855       $1,062        $3,190        $2,702
                                                                       ===                ======                                              ======         ====       ======        ======        ======



    Total Consolidated:

       Net interest income                                         $29,051               $29,320                                             $29,476      $28,338      $29,559      $116,185      $114,405

       Provision for loan losses                                     1,478                 2,920                                               4,165        2,923        4,442        11,486        31,089

       Noninterest income                                           11,517                12,288                                              11,384       11,360       11,904        46,549        57,874

       Noninterest expense:

          Salaries and employee benefits                            15,071                14,412                                              13,381       13,806       15,785        56,670        53,122

          Occupancy                                                  3,228                 3,149                                               2,978        2,931        3,653        12,286        13,208

          Data Processing                                            3,061                 3,072                                               2,836        2,570        3,254        11,539        10,683

          Other expenses                                            16,264                 8,116                                               7,493        9,577        7,099        41,450        42,456
                                                                    ------                 -----                                               -----        -----        -----        ------        ------

             Total noninterest expense                              37,624                28,749                                              26,688       28,884       29,791       121,945       119,469
                                                                    ------                ------                                              ------       ------       ------       -------       -------

    Income before income taxes                                       1,466                 9,939                                              10,007        7,891        7,230        29,303        21,721

       Income Tax                                                       88                 3,262                                               3,329        2,606        2,558         9,285         7,285

             Net income                                              1,378                 6,677                                               6,678        5,285        4,672        20,018        14,436

       Preferred stock dividends                                       412                   443                                                 442          441        1,118         1,738         3,577
                                                                       ---                   ---                                                 ---          ---        -----         -----         -----

    Net income available to common shareholders                       $966                $6,234                                              $6,236       $4,844       $3,554       $18,280       $10,859
                                                                      ====                ======                                              ======       ======       ======       =======       =======

SOURCE Ameris Bancorp