XML 125 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities      
Net income $ 105,450us-gaap_NetIncomeLoss $ 65,103us-gaap_NetIncomeLoss $ 76,395us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and accretion 15,791us-gaap_DepreciationAmortizationAndAccretionNet 25,388us-gaap_DepreciationAmortizationAndAccretionNet 21,685us-gaap_DepreciationAmortizationAndAccretionNet
Amortization of purchase accounting adjustments, net 7,536ibkc_AmortizationOfPurchaseAccountingAdjustments (5,965)ibkc_AmortizationOfPurchaseAccountingAdjustments (47,383)ibkc_AmortizationOfPurchaseAccountingAdjustments
Provision for loan losses 19,060us-gaap_ProvisionForLoanLeaseAndOtherLosses 5,145us-gaap_ProvisionForLoanLeaseAndOtherLosses 20,671us-gaap_ProvisionForLoanLeaseAndOtherLosses
Share-based equity compensation expense 11,985us-gaap_ShareBasedCompensation 10,703us-gaap_ShareBasedCompensation 9,907us-gaap_ShareBasedCompensation
(Gain) Loss on sale of assets, net (14)us-gaap_GainLossOnDispositionOfAssets1 (251)us-gaap_GainLossOnDispositionOfAssets1 (42)us-gaap_GainLossOnDispositionOfAssets1
Gain on sale of available for sale investments (771)us-gaap_GainLossOnSaleOfInvestments (2,277)us-gaap_GainLossOnSaleOfInvestments (3,739)us-gaap_GainLossOnSaleOfInvestments
Gain on sale of OREO, net (4,221)us-gaap_GainsLossesOnSalesOfOtherRealEstate (6,022)us-gaap_GainsLossesOnSalesOfOtherRealEstate (4,985)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Loss on abandonment of fixed assets   4,941us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf 2,743us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf
Impairment 5,121us-gaap_FDICIndemnificationAssetNetWriteOffs 31,813us-gaap_FDICIndemnificationAssetNetWriteOffs  
Amortization of premium/discount on investments 13,793us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 18,953us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 21,013us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Derivative losses (gains) on swaps 1us-gaap_DerivativeGainLossOnDerivativeNet (209)us-gaap_DerivativeGainLossOnDerivativeNet 1us-gaap_DerivativeGainLossOnDerivativeNet
Benefit for deferred income taxes (24,955)us-gaap_DeferredIncomeTaxExpenseBenefit (35,943)us-gaap_DeferredIncomeTaxExpenseBenefit (7,527)us-gaap_DeferredIncomeTaxExpenseBenefit
Originations of mortgage loans held for sale (1,675,538)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (2,116,460)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (2,432,367)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Proceeds from sales of mortgage loans held for sale 1,716,565us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale 2,320,885us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale 2,388,716us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale
Gain on sale of mortgage loans held for sale, net (59,156)us-gaap_GainLossOnSaleOfMortgageLoans (65,393)us-gaap_GainLossOnSaleOfMortgageLoans (70,811)us-gaap_GainLossOnSaleOfMortgageLoans
Tax benefit associated with share-based payment arrangements (2,105)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (886)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (1,221)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Decrease (Increase) in other assets 11,702us-gaap_IncreaseDecreaseInOtherOperatingAssets (17,534)us-gaap_IncreaseDecreaseInOtherOperatingAssets 7,437us-gaap_IncreaseDecreaseInOtherOperatingAssets
Other operating activities, net (20,881)us-gaap_OtherNoncashIncomeExpense 77,792us-gaap_OtherNoncashIncomeExpense 7,319us-gaap_OtherNoncashIncomeExpense
Net Cash (Used in) Provided by Operating Activities 119,363us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 309,783us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (12,188)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities      
Proceeds from sales of securities available for sale 61,702us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 44,677us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 154,222us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from maturities, prepayments and calls of securities available for sale 488,699us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 709,977us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 880,425us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases of securities available for sale (703,179)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (1,026,290)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (935,164)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from maturities, prepayments and calls of securities held to maturity 36,182us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 55,706us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 43,535us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Purchases of securities held to maturity   (5,901)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (57,075)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Reimbursement of recoverable covered asset losses (to) from the FDIC 5,734ibkc_FdicReimbursementOfRecoverableCoveredAssetLosses 68,233ibkc_FdicReimbursementOfRecoverableCoveredAssetLosses 157,694ibkc_FdicReimbursementOfRecoverableCoveredAssetLosses
Increase in loans receivable, net (824,437)us-gaap_PaymentsForProceedsFromLoansAndLeases (1,030,545)us-gaap_PaymentsForProceedsFromLoansAndLeases (870,577)us-gaap_PaymentsForProceedsFromLoansAndLeases
Proceeds from sale of premises and equipment 5,129us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 8,714us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 1,274us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchases of premises and equipment (29,841)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (16,941)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (32,825)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposition of real estate owned 84,429us-gaap_ProceedsFromSaleOfOtherRealEstate 116,612us-gaap_ProceedsFromSaleOfOtherRealEstate 109,067us-gaap_ProceedsFromSaleOfOtherRealEstate
Cash paid for additional investment in tax credit entities (13,191)ibkc_InvestmentInNewMarketTaxCreditEntities (2,213)ibkc_InvestmentInNewMarketTaxCreditEntities (21,368)ibkc_InvestmentInNewMarketTaxCreditEntities
Cash received in excess of cash paid for acquisition 188,803us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness   32,425us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness
Other investing activities, net (12,785)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (2,636)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 10,691us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net Cash Provided by (Used in) Investing Activities (712,755)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,080,607)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (527,676)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities      
Increase (decrease) in deposits, net of deposits acquired 641,026us-gaap_IncreaseDecreaseInDeposits (10,689)us-gaap_IncreaseDecreaseInDeposits 1,174,829us-gaap_IncreaseDecreaseInDeposits
Net change in short-term borrowings, net of borrowings acquired 110,298us-gaap_ProceedsFromRepaymentsOfShortTermDebt 377,299us-gaap_ProceedsFromRepaymentsOfShortTermDebt (102,320)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Proceeds from long-term debt 54,637us-gaap_ProceedsFromIssuanceOfLongTermDebt 2,867us-gaap_ProceedsFromIssuanceOfLongTermDebt 24,086us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term debt (22,871)us-gaap_RepaymentsOfLongTermDebt (144,609)us-gaap_RepaymentsOfLongTermDebt (80,770)us-gaap_RepaymentsOfLongTermDebt
Dividends paid to shareholders (43,070)us-gaap_PaymentsOfDividendsCommonStock (40,332)us-gaap_PaymentsOfDividendsCommonStock (40,069)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from sale of treasury stock for stock options exercised 11,693us-gaap_ProceedsFromStockOptionsExercised 8,101us-gaap_ProceedsFromStockOptionsExercised 2,813us-gaap_ProceedsFromStockOptionsExercised
Payments to repurchase common stock (3,727)us-gaap_PaymentsForRepurchaseOfCommonStock (2,280)us-gaap_PaymentsForRepurchaseOfCommonStock (42,245)us-gaap_PaymentsForRepurchaseOfCommonStock
Tax benefit associated with share-based payment arrangements 2,105us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 886us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,221us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net Cash Provided by Financing Activities 750,091us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 191,243us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 937,545us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net Increase (Decrease) In Cash and Cash Equivalents 156,699us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (579,581)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 397,681us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents at Beginning of Period 391,396us-gaap_CashAndCashEquivalentsAtCarryingValue 970,977us-gaap_CashAndCashEquivalentsAtCarryingValue 573,296us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Period 548,095us-gaap_CashAndCashEquivalentsAtCarryingValue 391,396us-gaap_CashAndCashEquivalentsAtCarryingValue 970,977us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Schedule of Noncash Activities      
Acquisition of real estate in settlement of loans 27,050us-gaap_TransferToOtherRealEstate 93,040us-gaap_TransferToOtherRealEstate 99,134us-gaap_TransferToOtherRealEstate
Common stock issued in acquisition 214,665us-gaap_StockIssued1   39,203us-gaap_StockIssued1
Transfers of property into Other Real Estate 37,273ibkc_TransfersOfPropertyIntoOtherRealEstate 93,040ibkc_TransfersOfPropertyIntoOtherRealEstate 106,427ibkc_TransfersOfPropertyIntoOtherRealEstate
Supplemental Disclosures Cash paid for:      
Interest on deposits and borrowings 43,210us-gaap_InterestPaidNet 47,466us-gaap_InterestPaidNet 63,984us-gaap_InterestPaidNet
Income taxes, net $ 52,094us-gaap_IncomeTaxesPaidNet $ 29,063us-gaap_IncomeTaxesPaidNet $ 15,957us-gaap_IncomeTaxesPaidNet