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Shareholders' Equity, Capital Ratios and Other Regulatory Matters (Tables)
9 Months Ended
Sep. 30, 2019
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, 2019
 
December 31, 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 September 30, 2019 and December 31, 2018 are presented in the following tables:
(in thousands)
September 30, 2019
Minimum
 
Well-Capitalized
 
Actual
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,208,894

 
4.00
%
 
N/A

 
N/A
 
$
2,955,775

 
9.78
%
IBERIABANK
1,206,257

 
4.00

 
1,507,821

 
5.00
 
2,861,883

 
9.49

Common Equity Tier 1 (CET1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,179,356

 
4.50
%
 
N/A

 
N/A
 
$
2,727,290

 
10.41
%
IBERIABANK
1,175,984

 
4.50

 
1,698,643

 
6.50
 
2,861,883

 
10.95

Tier 1 Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,572,475

 
6.00
%
 
N/A

 
N/A
 
$
2,955,775

 
11.28
%
IBERIABANK
1,567,978

 
6.00

 
2,090,638

 
8.00
 
2,861,883

 
10.95

Total Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
2,096,633

 
8.00
%
 
N/A

 
N/A
 
$
3,234,654

 
12.34
%
IBERIABANK
2,090,638

 
8.00

 
2,613,297

 
10.00
 
3,024,262

 
11.57



(in thousands)
December 31, 2018
Minimum
 
Well-Capitalized
 
Actual
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