Ameris Bancorp(ABCB)2025-02-28 21:09Loan Portfolio - As of December 31, 2024, the company's loan portfolio totaled approximately 196.0 million of retained earnings available for payment of cash dividends under applicable regulations without obtaining regulatory approval as of December 31, 2024[76] - The Federal Reserve and the FDIC require the Company to maintain a common equity Tier 1 capital to total risk-weighted assets ratio of at least 4.5%[80] - The Company must maintain a capital conservation buffer of common equity Tier 1 capital of at least 2.5% of risk-weighted assets to avoid restrictions on capital distributions[80] - The ability of the Bank to pay dividends is restricted if it fails to satisfy regulatory capital conservation buffer requirements[77] - The Company is subject to federal law limitations on dividends paid to shareholders, requiring sufficient net income to cover cash dividends[78] Financial Performance and Risk Management - The Bank recognized an expense of 5 billion[94] - The Bank is mildly asset sensitive, with projected net interest income increasing by 0.7% over the next 12 months if interest rates rise by 100 basis points[336] - The earnings simulation model indicates that a 400 basis point increase in interest rates could lead to an 11.0% increase in projected baseline net interest income over 24 months[338] - The Bank's interest rate risk management involves monitoring changes in net interest income through simulation analysis, with quarterly assessments[336] Consumer Protection and Compliance - The Bank is required to maintain an effective anti-money laundering program and comply with OFAC sanctions, with significant penalties for violations[108][109] - The Bank is subject to various consumer protection laws, including the Equal Credit Opportunity Act and the Fair Credit Reporting Act, which impose significant compliance obligations and costs[111] - The CFPB's final rule on overdraft fees limits such fees to $5 or less, with compliance required by October 1, 2025, pending ongoing litigation[112] - The Bank must comply with the CFPB's final rule on data access by April 1, 2027, which mandates the provision of consumer financial data to authorized third parties without charging fees[120] Cybersecurity and Reporting Obligations - The Bank is required to report certain cybersecurity incidents within 36 hours, reflecting the importance of cybersecurity practices[117] - The SEC's new rule requires public issuers to enhance climate-related disclosures, impacting the Bank's reporting obligations[121] - The Bank is actively monitoring state-level privacy and cybersecurity regulations, which are increasingly being implemented across various states[119] Competitive Landscape - The competitive landscape includes various financial institutions, with the company facing strong competition for both deposits and loans[50]