XML 110 R45.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Shareholders' Equity, Capital Ratios and Other Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Schedule of Preferred Stock
The following table presents a summary of the Company's non-cumulative perpetual preferred stock at December 31:
 
 
 
 
 
 
 
 
 
2019
 
2018
 
Issuance Date
 
Earliest Redemption Date
 
Annual Dividend Rate
 
Liquidation Amount
 
Carrying Amount
 
Carrying Amount
(in thousands)
 
 
 
 
 
 
 
Series B Preferred Stock
8/5/2015
 
8/1/2025
 
6.625
%
 
$
80,000

 
$
76,812

 
$
76,812

Series C Preferred Stock
5/9/2016
 
5/1/2026
 
6.600
%
 
57,500

 
55,285

 
55,285

Series D Preferred Stock
4/4/2019
 
5/1/2024
 
6.100
%
 
100,000

 
96,388

 

 
 
 
 
 
 
 
$
237,500

 
$
228,485

 
$
132,097


Actual Capital Amounts and Ratios
The Company’s and IBERIABANK’s actual capital amounts and ratios as of December 31 are presented in the following table.
(in thousands)
2019
Minimum
 
Well-Capitalized
 
Actual
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,220,289

 
4.00
%
 
N/A

 
N/A
 
$
3,021,004

 
9.90
%
IBERIABANK
1,217,638

 
4.00

 
$
1,522,048

 
5.00
 
2,949,533

 
9.69

Common Equity Tier 1 (CET1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,194,765

 
4.50
%
 
N/A

 
N/A
 
$
2,792,520

 
10.52
%
IBERIABANK
1,191,062

 
4.50

 
$
1,720,423

 
6.50
 
2,949,533

 
11.14

Tier 1 Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,593,020

 
6.00
%
 
N/A

 
N/A
 
$
3,021,004

 
11.38
%
IBERIABANK
1,588,083

 
6.00

 
$
2,117,444

 
8.00
 
2,949,533

 
11.14

Total Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
2,124,026

 
8.00
%
 
N/A

 
N/A
 
$
3,300,730

 
12.43
%
IBERIABANK
2,117,444

 
8.00

 
$
2,648,805

 
10.00
 
3,112,758

 
11.76


 
2018
 
Minimum
 
Well-Capitalized
 
Actual
(in thousands)
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,168,343

 
4.00
%
 
N/A

 
N/A
 
$
2,812,863

 
9.63
%
IBERIABANK
1,165,537

 
4.00

 
$
1,456,921

 
5.00
 
2,733,099

 
9.38

Common Equity Tier 1 (CET1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,125,405

 
4.50
%
 
N/A

 
N/A
 
$
2,680,766

 
10.72
%
IBERIABANK
1,122,712

 
4.50

 
$
1,621,695

 
6.50
 
2,733,099

 
10.95

Tier 1 Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,500,540

 
6.00
%
 
N/A

 
N/A
 
$
2,812,863

 
11.25
%
IBERIABANK
1,496,949

 
6.00

 
$
1,995,932

 
8.00
 
2,733,099

 
10.95

Total Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
2,000,720

 
8.00
%
 
N/A

 
N/A
 
$
3,084,764

 
12.33
%
IBERIABANK
1,995,932

 
8.00

 
$
2,494,915

 
10.00
 
2,888,500

 
11.58