Ameris Bank

MOULTRIE, GA 31768

LEI: IUGPUX5LWRZ3B6KIZ697

Tax ID: 58-1111076

2019 Data | 2018 Data


Overview

Ameris Bank is a small mortgage company specializing in Home Purchase and Refi loans. Ameris Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Atlanta, Charleston, Washington, Jacksonville, and Columbia among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ameris Bank is typically a normal fee medium-low fee lendor.


Originations

16,091

Origination Dollar Volume (All Markets)

$4,339,035,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 11,050 $3,113,150,000 $281,733
FHA 2,824 $581,900,000 $206,055
VA 1,893 $591,705,000 $312,575
USDA 324 $52,280,000 $161,358

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 11,683 $2,955,575,000 $252,981
Home Improvement 74 $42,940,000 $580,270
Other 4 $190,000 $47,500
Refi 2,859 $947,665,000 $331,467
Cash Out Refi 1,471 $392,665,000 $266,937

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 4,689 $1,351,015,000 $288,124
CHARLESTON-NORTH CHARLESTON, SC 806 $238,660,000 $296,104
Outside of Metro Areas 1,174 $233,210,000 $198,646
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 578 $215,220,000 $372,353
JACKSONVILLE, FL 719 $203,995,000 $283,720
COLUMBIA, SC 841 $188,705,000 $224,382
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 496 $147,960,000 $298,306
SAVANNAH, GA 363 $95,885,000 $264,146
GAINESVILLE, FL 401 $94,775,000 $236,347
URBAN HONOLULU, HI 156 $94,090,000 $603,141
GREENVILLE-ANDERSON, SC 347 $79,215,000 $228,285
AUGUSTA-RICHMOND COUNTY, GA-SC 327 $70,495,000 $215,581
CHARLOTTE-CONCORD-GASTONIA, NC-SC 225 $67,835,000 $301,489
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 259 $66,475,000 $256,660
WARNER ROBINS, GA 323 $64,275,000 $198,994
NORTH PORT-SARASOTA-BRADENTON, FL 215 $63,545,000 $295,558
BALTIMORE-COLUMBIA-TOWSON, MD 184 $56,650,000 $307,880
TALLAHASSEE, FL 202 $53,590,000 $265,297
BIRMINGHAM-HOOVER, AL 193 $43,065,000 $223,135
RALEIGH-CARY, NC 172 $42,760,000 $248,605
ORLANDO-KISSIMMEE-SANFORD, FL 146 $42,260,000 $289,452
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 139 $39,675,000 $285,432
GAINESVILLE, GA 145 $39,405,000 $271,759
OCALA, FL 243 $34,875,000 $143,519
PENSACOLA-FERRY PASS-BRENT, FL 30 $30,740,000 $1,024,667
NAPLES-MARCO ISLAND, FL 82 $29,390,000 $358,415
TAMPA-ST. PETERSBURG-CLEARWATER, FL 116 $28,800,000 $248,276
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 65 $28,775,000 $442,692
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 108 $27,200,000 $251,852
SPARTANBURG, SC 143 $26,985,000 $188,706
ATHENS-CLARKE COUNTY, GA 93 $26,385,000 $283,710
RICHMOND, VA 94 $25,580,000 $272,128
VALDOSTA, GA 148 $24,420,000 $165,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 35 $22,265,000 $636,143
HILTON HEAD ISLAND-BLUFFTON, SC 65 $20,105,000 $309,308
ANNISTON-OXFORD, AL 127 $19,845,000 $156,260
HINESVILLE, GA 120 $19,030,000 $158,583
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 57 $17,865,000 $313,421
GREENSBORO-HIGH POINT, NC 93 $15,835,000 $170,269
SACRAMENTO-ROSEVILLE-FOLSOM, CA 43 $15,255,000 $354,767
FLORENCE, SC 9 $15,165,000 $1,685,000
MACON-BIBB COUNTY, GA 68 $14,490,000 $213,088
BRUNSWICK, GA 55 $14,235,000 $258,818
DURHAM-CHAPEL HILL, NC 42 $13,440,000 $320,000
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 39 $12,425,000 $318,590
DOTHAN, AL 91 $12,365,000 $135,879
CAPE CORAL-FORT MYERS, FL 51 $11,845,000 $232,255
ALBANY, GA 84 $11,730,000 $139,643
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 32 $11,490,000 $359,063
THE VILLAGES, FL 45 $10,995,000 $244,333
ANAHEIM-SANTA ANA-IRVINE, CA 12 $10,250,000 $854,167
AUBURN-OPELIKA, AL 57 $9,625,000 $168,860
PANAMA CITY, FL 48 $9,590,000 $199,792
WINSTON-SALEM, NC 57 $9,015,000 $158,158
OAKLAND-BERKELEY-LIVERMORE, CA 14 $7,730,000 $552,143
ASHEVILLE, NC 28 $6,810,000 $243,214
SUMTER, SC 33 $6,745,000 $204,394
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 11 $6,295,000 $572,273
ROME, GA 41 $6,185,000 $150,854
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 11 $5,135,000 $466,818
DAPHNE-FAIRHOPE-FOLEY, AL 15 $4,905,000 $327,000
CHICAGO-NAPERVILLE-EVANSTON, IL 16 $4,490,000 $280,625
KNOXVILLE, TN 17 $4,405,000 $259,118
CHATTANOOGA, TN-GA 18 $4,320,000 $240,000
KAHULUI-WAILUKU-LAHAINA, HI 7 $4,075,000 $582,143
SALISBURY, MD-DE 18 $4,010,000 $222,778
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 10 $3,870,000 $387,000
CHARLOTTESVILLE, VA 12 $3,870,000 $322,500
BURLINGTON, NC 24 $3,730,000 $155,417
LAKELAND-WINTER HAVEN, FL 17 $3,605,000 $212,059
SEBRING-AVON PARK, FL 20 $3,220,000 $161,000
CLARKSVILLE, TN-KY 15 $2,945,000 $196,333
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 6 $2,930,000 $488,333
MONTGOMERY, AL 15 $2,905,000 $193,667
MIAMI-MIAMI BEACH-KENDALL, FL 6 $2,870,000 $478,333
PUNTA GORDA, FL 13 $2,815,000 $216,538
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 6 $2,410,000 $401,667
STAUNTON, VA 11 $2,405,000 $218,636
GADSDEN, AL 11 $2,215,000 $201,364
COLUMBUS, GA-AL 18 $2,160,000 $120,000
DALTON, GA 11 $2,045,000 $185,909
OXNARD-THOUSAND OAKS-VENTURA, CA 3 $2,035,000 $678,333
HUNTSVILLE, AL 6 $1,940,000 $323,333
PORT ST. LUCIE, FL 5 $1,805,000 $361,000
PHOENIX-MESA-CHANDLER, AZ 3 $1,785,000 $595,000
WINCHESTER, VA-WV 6 $1,780,000 $296,667
FAYETTEVILLE, NC 10 $1,760,000 $176,000
HICKORY-LENOIR-MORGANTON, NC 9 $1,705,000 $189,444
DENVER-AURORA-LAKEWOOD, CO 4 $1,690,000 $422,500
LAS VEGAS-HENDERSON-PARADISE, NV 3 $1,645,000 $548,333
PALM BAY-MELBOURNE-TITUSVILLE, FL 6 $1,540,000 $256,667
ROANOKE, VA 6 $1,530,000 $255,000
HOMOSASSA SPRINGS, FL 9 $1,435,000 $159,444
SAN RAFAEL, CA 2 $1,360,000 $680,000
WILMINGTON, NC 4 $1,340,000 $335,000
FAIRBANKS, AK 5 $1,325,000 $265,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 4 $1,310,000 $327,500
SANTA CRUZ-WATSONVILLE, CA 3 $1,295,000 $431,667
SALT LAKE CITY, UT 3 $1,285,000 $428,333
PITTSBURGH, PA 3 $1,145,000 $381,667
MORRISTOWN, TN 6 $1,120,000 $186,667
INDIANAPOLIS-CARMEL-ANDERSON, IN 4 $1,010,000 $252,500
TUSCALOOSA, AL 5 $955,000 $191,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 3 $945,000 $315,000
SEBASTIAN-VERO BEACH, FL 4 $830,000 $207,500
CLEVELAND-ELYRIA, OH 6 $790,000 $131,667
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 3 $785,000 $261,667
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 5 $785,000 $157,000
FRESNO, CA 2 $730,000 $365,000
BEND, OR 2 $710,000 $355,000
SANTA ROSA-PETALUMA, CA 1 $705,000 $705,000
SEATTLE-BELLEVUE-KENT, WA 1 $665,000 $665,000
YORK-HANOVER, PA 4 $660,000 $165,000
FORT WORTH-ARLINGTON-GRAPEVINE, TX 2 $640,000 $320,000
ST. LOUIS, MO-IL 2 $630,000 $315,000
PORTLAND-SOUTH PORTLAND, ME 1 $605,000 $605,000
TOLEDO, OH 4 $570,000 $142,500
NILES, MI 2 $550,000 $275,000
MOBILE, AL 3 $515,000 $171,667
BLACKSBURG-CHRISTIANSBURG, VA 2 $460,000 $230,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1 $455,000 $455,000
VALLEJO, CA 1 $455,000 $455,000
LEXINGTON-FAYETTE, KY 1 $435,000 $435,000
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1 $425,000 $425,000
ROCKY MOUNT, NC 3 $425,000 $141,667
DALLAS-PLANO-IRVING, TX 2 $420,000 $210,000
KINGSPORT-BRISTOL, TN-VA 2 $380,000 $190,000
MEMPHIS, TN-MS-AR 2 $370,000 $185,000
COLUMBUS, OH 2 $360,000 $180,000
TACOMA-LAKEWOOD, WA 1 $355,000 $355,000
ANN ARBOR, MI 1 $355,000 $355,000
WARREN-TROY-FARMINGTON HILLS, MI 2 $350,000 $175,000
SAN ANTONIO-NEW BRAUNFELS, TX 1 $335,000 $335,000
LYNCHBURG, VA 2 $330,000 $165,000
JOHNSON CITY, TN 2 $330,000 $165,000
READING, PA 1 $325,000 $325,000
DETROIT-DEARBORN-LIVONIA, MI 2 $320,000 $160,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 1 $315,000 $315,000
MILWAUKEE-WAUKESHA, WI 1 $315,000 $315,000
BRIDGEPORT-STAMFORD-NORWALK, CT 1 $315,000 $315,000
GOLDSBORO, NC 2 $310,000 $155,000
BOSTON, MA 1 $305,000 $305,000
ELGIN, IL 1 $285,000 $285,000
LAWRENCE, KS 1 $285,000 $285,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $285,000 $285,000
GREENVILLE, NC 2 $280,000 $140,000
CHARLESTON, WV 1 $275,000 $275,000
REDDING, CA 1 $265,000 $265,000
SPOKANE-SPOKANE VALLEY, WA 1 $255,000 $255,000
STOCKTON, CA 1 $245,000 $245,000
GETTYSBURG, PA 1 $235,000 $235,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1 $215,000 $215,000
HARRISBURG-CARLISLE, PA 1 $215,000 $215,000
FLINT, MI 1 $205,000 $205,000
BAKERSFIELD, CA 1 $195,000 $195,000
HATTIESBURG, MS 1 $175,000 $175,000
KANSAS CITY, MO-KS 1 $175,000 $175,000
KANKAKEE, IL 1 $165,000 $165,000
JACKSON, TN 1 $155,000 $155,000
HARRISONBURG, VA 1 $145,000 $145,000
ODESSA, TX 1 $125,000 $125,000
AKRON, OH 1 $125,000 $125,000
GULFPORT-BILOXI, MS 1 $115,000 $115,000
PHILADELPHIA, PA 1 $115,000 $115,000
BECKLEY, WV 1 $105,000 $105,000
HUNTINGTON-ASHLAND, WV-KY-OH 1 $95,000 $95,000
JACKSONVILLE, NC 1 $75,000 $75,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 226 $55,030,000 $243,496
2.5-3% 167 $56,575,000 $338,772
3-4% 9,964 $2,852,700,000 $286,301
4-5% 4,433 $1,116,515,000 $251,864
5-6% 982 $206,920,000 $210,713
6-7% 198 $40,820,000 $206,162
7-8% 64 $9,080,000 $141,875
Over 8% 28 $990,000 $35,357

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,206 $77,790,000 $64,502
$100k-200k 4,942 $763,210,000 $154,433
$200k-400k 7,506 $2,107,540,000 $280,781
$400k-600k 1,902 $887,510,000 $466,619
$600k-1000k 430 $309,790,000 $720,442
$Over $1MM 105 $193,195,000 $1,839,952

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 375 $61,495,000 $163,987
40-60% 1,160 $290,130,000 $250,112
60-80% 4,293 $1,296,315,000 $301,960
80-100% 9,558 $2,528,500,000 $264,543
Over 100% 484 $148,260,000 $306,322
Under 20% 212 $11,760,000 $55,472

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 3,316 $992,250,000 $299,231
$150k-250k 2,234 $817,100,000 $365,756
$50k-75k 3,747 $766,035,000 $204,440
$50k-or less 2,649 $375,635,000 $141,803
$75k-100k 2,745 $685,915,000 $249,878
$Over $250k 883 $450,055,000 $509,689

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 11,277 $2,961,735,000 $262,635
Not provided 2,161 $629,125,000 $291,127
Black 1,799 $423,915,000 $235,639
Asian 597 $185,625,000 $310,930
Not applicable 127 $99,625,000 $784,449
American Indian 51 $13,595,000 $266,569
Native Hawaiian 26 $9,680,000 $372,308
Asian Indian 27 $8,485,000 $314,259
Other Asian 14 $3,730,000 $266,429
Filipino 5 $1,825,000 $365,000
Other Pacific Islander 4 $1,270,000 $317,500
Chinese 1 $195,000 $195,000
Korean 1 $125,000 $125,000
Vietnamese 1 $105,000 $105,000

Approval Rates

Total approvals of all applications
91.80%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
80.07%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
255.5 1 $65,000 $65,000
4680.0 1 $285,000 $285,000
NA 16,089 $4,338,685,000 $269,668

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 3,370 $876,440,000 $260,071
$1k-2k 8,790 $2,301,980,000 $261,886
$2k-3k 1,359 $321,775,000 $236,773
$3k-4k 1,159 $357,785,000 $308,701
$5k+ 473 $253,115,000 $535,127

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Manufactured 3 $405,000 $135,000
Multifamily:Site-Built 26 $64,470,000 $2,479,615
Single Family (1-4 Units):Manufactured 179 $18,215,000 $101,760
Single Family (1-4 Units):Site-Built 15,883 $4,255,945,000 $267,956