CORRECTION OF IMMATERIAL ERROR

9 Months Ended

Sep. 30, 2013

CORRECTION OF IMMATERIAL ERROR [Abstract]

CORRECTION OF IMMATERIAL ERROR

NOTE 18 – CORRECTION OF IMMATERIAL ERROR

During the quarter ended March 31, 2013, the Company identified an immaterial error in its cash flow statements for prior periods.  The Company improperly reported losses on the sale and writedowns of OREO as Investing Activities instead of as a reconciling item within Operating Activities, as well as reported unsettled trade liabilities for investment purchases as Operating Activities instead of Investing Activities.  These changes had no impact to the overall total of cash inflows and outflows within the cash flow statements for prior periods.  The Company has deemed these changes immaterial to its consolidated financial statement taken as a whole. Please see BancorpSouth’s Form 10-Q for the period ended March 31, 2013 for changes made in cash flow statements for the years ended December 31, 2012 and December 31, 2011, as well as the period ended March 31, 2012. Also, the changes to the cash flow statement for the six months ended June 30, 2012 can be found in BancorpSouth’s Form 10Q for the period ended June 30, 2013.  The following table reflects the changes in the cash flow statements for the nine months ended September 30, 2012:

		As Originally
		Reported	Adjustment	As Adjusted
Nine months ended September 30, 2012	(In thousands)
Net cash provided by operating activities		$          100,290	$           9,306	109,596
Net cash provided by investing activities		206,518	(9,306)	197,212
Net cash provided by financing activities		127,584	-	127,584
Increase in cash and cash equivalents		434,392	-	434,392
Cash and cash equivalents at beginning of period		499,344	-	499,344
Cash and cash equivalents at end of period		$          933,736	$                   -	$        933,736