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Shareholders' Equity, Capital Ratios and Other Regulatory Matters (Tables)
9 Months Ended
Sep. 30, 2017
Banking and Thrift [Abstract]  
Schedule of Preferred Stock
The following table presents a summary of the Company's non-cumulative perpetual preferred stock:
 
 
 
 
 
 
 
 
 
September 30, 2017
 
December 31, 2016
 
Issuance Date
 
Earliest Redemption Date
 
Annual Dividend Rate
 
Liquidation Amount
 
Carrying Amount
 
Carrying Amount
 

 
 
 
 
 
(Dollars 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

 
 
 
 
 
 
 
$
137,500

 
$
132,097

 
$
132,097

Actual Capital Amounts and Ratios
The Company’s and IBERIABANK’s actual capital amounts and ratios as of September 30, 2017 and December 31, 2016 are presented in the following table.
(Dollars in thousands)
September 30, 2017
Minimum
 
Well-Capitalized
 
Actual
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
995,849

 
4.00
%
 
N/A

 
N/A
 
$
2,532,164

 
10.17
%
IBERIABANK
993,353

 
4.00

 
1,241,691

 
5.00
 
2,435,190

 
9.81

Common Equity Tier 1 (CET1) (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
988,546

 
4.50
%
 
N/A

 
N/A
 
$
2,400,067

 
10.93
%
IBERIABANK
986,055

 
4.50

 
1,424,301

 
6.50
 
2,435,190

 
11.11

Tier 1 Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,318,062

 
6.00
%
 
N/A

 
N/A
 
$
2,532,164

 
11.53
%
IBERIABANK
1,314,739

 
6.00

 
1,752,986

 
8.00
 
2,435,190

 
11.11

Total Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,757,416

 
8.00
%
 
N/A

 
N/A
 
$
2,806,324

 
12.78
%
IBERIABANK
1,752,986

 
8.00

 
2,191,232

 
10.00
 
2,592,850

 
11.83



 
December 31, 2016
 
Minimum
 
Well-Capitalized
 
Actual
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
818,440

 
4.00
%
 
N/A

 
N/A
 
$
2,221,528

 
10.86
%
IBERIABANK
816,152

 
4.00

 
1,020,190

 
5.00
 
1,878,703

 
9.21

Common Equity Tier 1 (CET1) (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
794,334

 
4.50
%
 
N/A

 
N/A
 
$
2,089,431

 
11.84
%
IBERIABANK
792,111

 
4.50

 
1,144,160

 
6.50
 
1,878,703

 
10.67

Tier 1 Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,059,112

 
6.00
%
 
N/A

 
N/A
 
$
2,221,528

 
12.59
%
IBERIABANK
1,056,147

 
6.00

 
1,408,197

 
8.00
 
1,878,703

 
10.67

Total Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,412,149

 
8.00
%
 
N/A

 
N/A
 
$
2,493,988

 
14.13
%
IBERIABANK
1,408,197

 
8.00

 
1,760,246

 
10.00
 
2,034,663

 
11.56


(1) Minimum capital ratios are subject to a capital conservation buffer. In order to avoid limitations on distributions, including dividend payments, and certain discretionary bonus payments to executive officers, an institution must hold a capital conservation buffer above its minimum risk-based capital requirements. This capital conservation buffer is calculated as the lowest of the differences between the actual CET1 ratio, Tier 1 Risk-Based Capital Ratio, and Total Risk-Based Capital ratio and the corresponding minimum ratios.