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Shareholders' Equity, Capital Ratios and Other Regulatory Matters (Tables)
3 Months Ended
Mar. 31, 2018
Banking and Thrift [Abstract]  
Schedule of Preferred Stock
The following table presents a summary of the Company's non-cumulative perpetual preferred stock:
 
 
 
 
 
 
 
 
 
March 31, 2018
 
December 31, 2017
 
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 March 31, 2018 and December 31, 2017 are presented in the following tables.
(Dollars in thousands)
March 31, 2018
Minimum
 
Well-Capitalized
 
Actual
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,076,933

 
4.00
%
 
N/A

 
N/A
 
$
2,685,315

 
9.97
%
IBERIABANK
1,074,579

 
4.00

 
1,343,223

 
5.00
 
2,640,916

 
9.83

Common Equity Tier 1 (CET1) (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,067,284

 
4.50
%
 
N/A

 
N/A
 
$
2,553,218

 
10.77
%
IBERIABANK
1,065,059

 
4.50

 
1,538,418

 
6.50
 
2,640,916

 
11.16

Tier 1 Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,423,046

 
6.00
%
 
N/A

 
N/A
 
$
2,685,315

 
11.32
%
IBERIABANK
1,420,078

 
6.00

 
1,893,437

 
8.00
 
2,640,916

 
11.16

Total Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,897,394

 
8.00
%
 
N/A

 
N/A
 
$
2,959,774

 
12.48
%
IBERIABANK
1,893,437

 
8.00

 
2,366,797

 
10.00
 
2,798,875

 
11.83



 
December 31, 2017
 
Minimum
 
Well-Capitalized
 
Actual
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,073,381

 
4.00
%
 
N/A

 
N/A
 
$
2,509,496

 
9.35
%
IBERIABANK
1,070,789

 
4.00

 
1,338,487

 
5.00
 
2,437,275

 
9.10

Common Equity Tier 1 (CET1) (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,011,732

 
4.50
%
 
N/A

 
N/A
 
$
2,377,398

 
10.57
%
IBERIABANK
1,009,553

 
4.50

 
1,458,243

 
6.50
 
2,437,275

 
10.86

Tier 1 Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,348,977

 
6.00
%
 
N/A

 
N/A
 
$
2,509,496

 
11.16
%
IBERIABANK
1,346,070

 
6.00

 
1,794,760

 
8.00
 
2,437,275

 
10.86

Total Risk-Based Capital (1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,798,635

 
8.00
%
 
N/A

 
N/A
 
$
2,780,095

 
12.37
%
IBERIABANK
1,794,760

 
8.00

 
2,243,450

 
10.00
 
2,591,374

 
11.55


(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. At March 31, 2018, the required minimum capital conservation buffer was 1.875%, and will increase by 0.625% and be fully phased-in on January 1, 2019 at 2.50%. At March 31, 2018, the capital conservation buffers of the Company and IBERIABANK were 4.48% and 3.83%, respectively.