Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt at December 31 is summarized as follows:

(in thousands)	2019		2018
IBERIABANK:
Federal Home Loan Bank advances, 0.98% to 7.04%	$	1,188,584	$	986,027
Notes payable - Investment fund contribution, 7 to 35 year term, 1.28% to 4.95% fixed, 7 to 35 year term, 1.28% to 6.82% fixed, respectively	34,993		60,014
	1,223,577		1,046,041
IBERIABANK Corporation (junior subordinated debt):
Statutory Trust I, 3 month LIBOR (1), plus 3.25%, issued November 2002	10,310		10,310
Statutory Trust II, 3 month LIBOR (1), plus 3.15%, issued June 2003	10,310		10,310
Statutory Trust III, 3 month LIBOR (1), plus 2.00%, issued September 2004	10,310		10,310
Statutory Trust IV, 3 month LIBOR (1), plus 1.60%, issued October 2006	15,464		15,464
American Horizons Statutory Trust I, 3 month LIBOR (1), plus 3.15%, assumed January 2005	6,186		6,186
Statutory Trust V, 3 month LIBOR (1), plus 1.435%, issued June 2007	10,310		10,310
Statutory Trust VI, 3 month LIBOR (1), plus 2.75%, issued November 2007	12,372		12,372
Statutory Trust VII, 3 month LIBOR (1), plus 2.54%, issued November 2007	13,403		13,403
Statutory Trust VIII, 3 month LIBOR (1), plus 3.50%, issued March 2008	7,217		7,217
OMNI Trust I, 3 month LIBOR (1), plus 3.30%, assumed May 2011	8,248		8,248
OMNI Trust II, 3 month LIBOR (1), plus 2.79%, assumed May 2011	7,732		7,732
GA Commerce Trust II, 3 month LIBOR (1), plus 1.64%, assumed May 2015	8,248		8,248
	120,110		120,110
	$	1,343,687	$	1,166,151

⁽¹⁾ 

The interest rate on the Company’s long-term debt indexed to LIBOR is based on the 3-month LIBOR rate. The 3-month LIBOR rate was 1.91% and 2.81% at December 31, 2019 and 2018, respectively.

Maturities of Long-Term Debt

Advances and long-term debt at December 31, 2019 have maturities or call dates in future years as follows:

(in thousands)
2020	$	582,371
2021	175,255
2022	10,564
2023	58,597
2024	6,242
2025 and thereafter	510,658
	$	1,343,687