Bancorpsouth Inc - Annual Report of Employee Stock Plans (11-K)
June 30 2008 - 9:37AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
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þ
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ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended December 31, 2007
OR
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o
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TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from
to
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Commission file number : 001-12991
A.
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Full title of the plan and the address of the plan, if different from that of the issuer named
below:
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BancorpSouth, Inc. 401(k) Profit-Sharing Plan
B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal
executive office:
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BancorpSouth, Inc.
One Mississippi Plaza
201 South Spring Street
Tupelo, Mississippi 38804
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Financial Statements and Supplemental Schedules
December 31, 2007 and 2006
(With Report of Independent Registered Public Accounting Firm)
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Table of Contents
Report of Independent Registered Public Accounting Firm
The Retirement Committee of the Board of Directors
BancorpSouth, Inc.:
We have audited the accompanying statements of net assets available for plan benefits of the
BancorpSouth, Inc. 401(k) Profit-Sharing Plan (the Plan) as of December 31, 2007 and 2006, and the
related statements of changes in net assets available for plan benefits for the years then ended.
These financial statements are the responsibility of the Plans management. Our responsibility is
to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for plan benefits of the Plan as of December 31, 2007 and 2006,
and the changes in net assets available for plan benefits for the years then ended, in conformity
with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic financial statements
taken as a whole. The supplemental schedules, Schedule H, Line 4i Schedule of Assets (Held at
End of Year) as of December 31, 2007, and Schedule H, Line 4j Schedule of Reportable Transactions
for the year ended December 31, 2007, are presented for the purpose of additional analysis and are
not a required part of the basic financial statements but are supplementary information required by
the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the
Plans management. The supplemental schedules have been subjected to the auditing procedures
applied in the audits of the basic financial statements and, in our opinion, are fairly stated in
all material respects in relation to the basic financial statements taken as a whole.
/s/ KPMG LLP
Memphis, Tennessee
June 27, 2008
1
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Statements of Net Assets Available for Plan Benefits
December 31, 2007 and 2006
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2007
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2006
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Investments, at fair value:
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Common stock of BancorpSouth, Inc.
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$
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150,691,526
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173,332,966
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Mutual funds
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62,910,077
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50,136,261
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Common/collective trust fund
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13,104,411
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8,836,878
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Participant loans
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488,443
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472,233
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227,194,457
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232,778,338
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Contributions receivable:
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Employer salary deferral match
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249,454
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389,599
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Employer profit-sharing
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625,653
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142,391
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Employee salary deferral
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332,764
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316,455
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Accrued interest and dividends receivable
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1,445,134
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1,295,289
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Cash
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6,705
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986
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Net assets reflecting all investments
at fair value
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229,854,167
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234,923,058
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Adjustment from fair value to contract value for interest in
common/collective trust fund relating to fully benefit-responsive
investment contracts
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(64,929
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84,947
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Net assets available for plan benefits
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$
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229,789,238
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235,008,005
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See accompanying notes to financial statements.
2
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Statements of Changes in Net Assets Available for Plan Benefits
Years ended December 31, 2007 and 2006
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2007
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2006
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Investment income:
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Net (depreciation) appreciation in investments
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$
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(21,534,245
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)
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31,050,929
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Interest and dividends
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10,358,521
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8,907,683
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Total investment
(loss) income
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(11,175,724
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39,958,612
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Contributions:
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Employer salary deferral match
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7,217,684
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6,689,396
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Employer profit sharing
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625,653
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142,391
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Employee salary deferral
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11,703,050
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11,820,634
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Total contributions
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19,546,387
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18,652,421
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Benefits paid to participants
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13,589,430
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16,630,912
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Net (decrease) increase
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(5,218,767
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41,980,121
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Net assets available for plan benefits:
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Beginning of year
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235,008,005
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193,027,884
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End of year
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$
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229,789,238
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235,008,005
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See accompanying notes to financial statements.
3
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
(1)
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Description of Plan
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The following description of the BancorpSouth, Inc. 401(k) Profit-Sharing Plan, formerly known
as BancorpSouth, Inc. Amended and Restated Salary Deferral Profit Sharing Employee Stock
Ownership Plan (the Plan), provides only general information. Participants should refer to
the Plan document for a complete description of the Plans provisions.
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(a)
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General
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The Plan was adopted by BancorpSouth, Inc. (the Company) effective January 1, 1984. It
is a defined contribution retirement plan with two componentsan employee stock
ownership component and a profit sharing component with a 401(k) feature. Employees who
have completed one year of
service and attained the age of 18 are eligible to participate in the Plan with regards
to elective deferrals and employer matching contributions. Employees who completed their
first hour of service on or after January 1, 2006 and have attained the age of 21 are
eligible to participate in the employer profit sharing contributions. The Plan is subject
to the provisions of the Employee Retirement Income Security Act of 1974, as amended
(ERISA).
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(b)
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Contributions
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Plan participants contribute to the Plan by electing to defer between 1% and 25% of their
pretax annual compensation, in whole percentages, up to the maximum amount allowable by
law. The Company matches 100% of amounts contributed by the participants to the Plan up
to 5% of their annual compensation. Beginning in 2006, the Company began making a
profit-sharing contribution equaling 2% of each eligible employees compensation.
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Prior to January 1, 2007, the matching Company contribution was invested in common stock
of the Company (nonparticipant-directed), while participant and profit-sharing
contributions could be invested in common stock of the Company or in any of the other
investment options available under the Plan. The Plan provided that after age 55 and ten
years of service, a participant could, with some limitations, redirect the
nonparticipant-directed investments in Company common stock to any of the other
investment options. Effective January 1, 2007, all participants may redirect the
investment of funds invested in Company common stock and the prospective matching Company
contribution into any of the other investment options.
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(c)
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Investment Programs
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The investment programs of the Plan as of December 31, 2007 are as follows: American
Funds Europacific Growth Fund R4; American Funds Income Fund of America R4; DWS Dreman
Small Cap Value Fund A; Federated Capital Preservation Fund; Federated Total Return
Bond Fund IS; Fidelity Advisor Short Fixed Income A; Goldman Sachs Structured US Equity
A; Heritage Mid Cap Stock Fund A; Mutual Discovery Fund A; Nationwide Investor
Destination Moderate Conservative A; Nationwide Small Cap Fund A; Oppenheimer Global
Fund A; Royce Value Plus Service; T. Rowe Price Growth Stock Fund Adv.; T. Rowe Price
Retirement 2010 Adv.; T. Rowe Price Retirement 2020 Adv.; T. Rowe Price Retirement 2030
Adv.; T. Rowe Price Retirement 2040 Adv.; Vanguard Mid Cap Index Fund Signal; Vanguard
Selected Value Fund Inv; and Van Kampen Growth & Income Fund A. The investment options
also include common stock of BancorpSouth, Inc.
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(Continued)
4
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
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(d)
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Administration
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The Plan is administered by a committee appointed by the board of directors of the
Company (the plan administrator). The plan administrator is responsible for general
administration of the Plan and interpretation and execution of the Plans provisions.
BancorpSouth Bank is the Plan trustee.
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(e)
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Participants Accounts
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Separate accounts are maintained for each participant. All amounts contributed by the
participant, together with earnings or losses thereon, are maintained in an employee
deferral account. Matching amounts contributed by the Company are maintained in a
separate employer contribution account, together with earnings or losses thereon.
Profit sharing contributions contributed by the Company are maintained in a
profit-sharing account together with earnings or losses thereon.
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(f)
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Participant Loans
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Participants may borrow from their employee deferral and employer contribution accounts a
minimum of $1,000 up to a maximum of $50,000 or 50% of their account balance, whichever
is less. The loans are secured by the balance in the participants account and bear
interest at commercially reasonable rates as determined under the Plan. At December 31,
2007, interest rates on outstanding participant loans ranged from 4.5% to 10.5%.
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(g)
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Vesting
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Both the employee deferral and employer contribution accounts are 100% vested and
nonforfeitable at all times. The profit-sharing account is vested after three years of
service.
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(h)
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Payment of Benefits
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Upon termination of service, death or permanent disability, a participant may elect to
receive either a lump-sum amount equal to the value of his or her account, or
proportionate monthly installments over a period not to exceed 15 years. For non-spouse
beneficiaries, the monthly benefits cannot be paid over a period longer than a
participants life expectancy or for more than five years following his or her death. For
distributions from a participants holdings of Company common stock, the participant may
elect to receive common stock of the Company or cash equal to the fair value of the
common stock that otherwise would have been distributed. In addition, a participant may
elect to receive a distribution of cash dividends that are paid on the Company common
stock allocated to the participants account in the Plan.
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(i)
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Plan Termination
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Although the Company has not expressed any intent to do so, it has the right under the
Plan to discontinue its contributions at any time and to terminate the Plan subject to
the provisions of ERISA.
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(j)
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Expenses
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Administrative expenses of the Plan are paid directly by the Company, which is the Plan
sponsor.
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(Continued)
5
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
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(k)
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Forfeited Accounts
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At December 31, 2007, forfeited non-vested accounts totaled $5,173. These accounts will
be used to reduce future employer contributions.
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(2)
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Summary of Significant Accounting Policies
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(a)
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Basis of Presentation
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The financial statements of the Plan are prepared under the accrual method of accounting.
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Effective December 31, 2006, the Plan adopted Financial Accounting Standards Board Staff
Position AAG INV-1 and Statement of Position No. 94-4-1,
Re
po
rting of Fully
Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to
the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and
Pension Plans (the FSP)
. This standard requires the Statement of Net Assets Available
for Plan Benefits present the fair value of the Plans investments as well as the
adjustment from fair value to contract value for any directly-held or indirectly-held
fully benefit-responsive investment contracts. The Statement of Changes in Net Assets
Available for Plan Benefits is prepared on a contract value basis for the fully
benefit-responsive investment contracts.
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(b)
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Investments
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Purchases and sales of investments are recorded on a trade-date basis. Interest income is
recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
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Quoted market prices are used to value the investments in mutual funds and company common
stock. Participant loans are recorded at their outstanding loan balance, which
approximates fair value.
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The investment contracts held by the common/collective trust fund are presented at fair
value on the Statement of Net Assets Available for Plan Benefits. The investment
contracts held by the
common/collective trust fund in fully benefit-responsive investment contracts are also
stated at contract value, which is equal to the value of deposits plus interest accrued
at the contract rate, less withdrawals. As provided in the FSP, an investment contract is
generally valued at contract value, rather than fair value, to the extent it is fully
benefit-responsive.
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(c)
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Payment of Benefits
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Benefits are recorded when paid.
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(d)
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Income Taxes
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The Plan is exempt from federal income taxes in accordance with the provisions of the
Internal Revenue Code of 1986, as amended (IRC). The Plan received a favorable
determination letter, dated May 6, 2003, from the Internal Revenue Service. The plan
administrator believes that the Plan is designed and is currently being operated in
compliance with the applicable requirements of the IRC. Accordingly, no provision has
been made for federal income taxes in the accompanying
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(Continued)
6
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
financial statements. Amounts contributed by the Company are not taxed to the participant
until a distribution from the Plan is received.
The Plan received an updated determination letter from the Internal Revenue Service
subsequent to the Plans year ended December 31, 2007. This letter was dated February
20, 2008, and informed the Plan Adminstrator that the Plan was still in compliance with
the IRC and remains exempt from federal income taxes.
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(e)
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Use of Estimates
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The preparation of financial statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of income
and expenses during the period. Actual results could differ from those estimates.
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(f)
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Recent Accounting Pronouncements
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The Plan adopted Financial Accounting Standards Board (FASB) Interpretation No. 48,
Accounting for Uncertainty in Income Taxes, an Interpretation of FASB Statement No. 109
(FIN 48) on January 1, 2007. FIN 48 clarifies the accounting for uncertainty in tax
positions and requires that the Plan recognize in its financial statements the impact of
a tax position, if that position is more
likely than not of being sustained on audit, based on the technical merits of the
position. The adoption of FIN 48 did not have an impact on the Plans financial
statements.
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In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157,
Fair Value Measurements
(SFAS 157). SFAS 157 defines fair value, establishes a
framework for measuring fair value in accordance with generally accepted accounting
principles, and expands disclosures about fair value measurements. The provisions of SFAS
157 are effective for fiscal years beginning after November 15, 2007. The Plan will adopt
the provisions of SFAS 157 for its plan year beginning January 1, 2008. The Plan is
currently evaluating the impact of the provisions of SFAS 157.
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(3)
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Investments
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The following investments represent 5% or more of the Plans net assets available for plan
benefits:
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December 31
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2007
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2006
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Common stock of BancorpSouth, Inc.
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$
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150,691,526
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173,332,966
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Federated Capital Preservation Fund, at contract value
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13,039,482
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8,921,825
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(Continued)
7
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
The Plans investments, including investments bought, sold and held during the year
appreciated (depreciated) in value during the years ended December 31, 2007 and 2006,
respectively, as follows:
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2007
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2006
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Net (depreciation) appreciation in investments
Mutual funds and common/collective trust fund
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$
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(724,362
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)
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1,189,554
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Common stock of BancorpSouth, Inc.
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(20,809,883
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)
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29,861,375
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Net (depreciation) appreciation in investments
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$
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(21,534,245
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)
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31,050,929
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Dividend income earned from the investment in Company common stock, a party-in-interest and a
related party, was $5,352,295 and $4,992,117 for the years ended December 31, 2007 and 2006,
respectively.
As of June 26, 2008 the fair market value of the investments held by
the Plan as of December 31, 2007 has declined approximately 17%,
including a 22% decline in the Company's common stock.
(4)
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Reconciliation Between Financial Statement Amounts and Form 5500
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The following is a reconciliation of net assets available for plan benefits in accordance with
the financial statements to the Form 5500 filed for 2006 and the Form 5500 expected to be
filed for 2007:
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December 31
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2007
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2006
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Net assets available for plan benefits per the financial statements
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$
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229,789,238
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235,008,005
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Amounts allocated to withdrawing participants
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(4,266,182
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Net assets available for plan benefits per Form 5500
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$
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229,789,238
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230,741,823
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The following is a reconciliation of benefits paid to participants in accordance with the
financial statements to the Form 5500 filed for 2006 and the Form 5500 expected to be filed
for 2007:
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2007
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2006
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Benefits paid to participants per the
financial statements
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$
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13,589,430
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16,630,912
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Add amounts allocated to withdrawing
participants at end of year
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4,266,182
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Less amounts allocated to withdrawing
participants at beginning of year
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(4,266,182
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)
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(1,903,432
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Benefits paid to participants per Form 5500
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$
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9,323,248
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18,993,662
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(Continued)
8
(5)
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Risks and Uncertainties
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The Plan invests in various investment securities. Investment securities are exposed to
various risks such as interest rate, market and credit risks. Because of the level of risk
associated with certain investment securities, it is reasonably possible that changes in the
values of investment securities could occur in the near term and that such changes could
materially affect participants account balances and the amounts reported in the statement of
net assets available for plan benefits.
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9
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Schedule H, Line 4i Schedule of Assets (Held at End of Year)
December 31, 2007
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Par/number
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Current
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Issuer
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Description
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of shares
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Coupon
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Maturity
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value
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BancorpSouth, Inc.*
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Common stock
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6,382,530
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$
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150,691,526
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Participant loans*
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Loans to participants
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4.50% 10.50
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%
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January 2, 2008
November 9, 2012
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488,443
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Federated Capital Preservation Fund
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Common/collective trust - stable value fund
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1,303,948
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13,039,482
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**
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American Funds Europacific Growth Fund R4
|
|
Mutual Fund
|
|
|
93,934
|
|
|
|
|
|
|
|
|
|
4,711,751
|
|
American Funds Income Fund of America R4
|
|
Mutual Fund
|
|
|
97,717
|
|
|
|
|
|
|
|
|
|
1,891,802
|
|
DWS Dreman Small Cap Value Fund A
|
|
Mutual Fund
|
|
|
53,628
|
|
|
|
|
|
|
|
|
|
1,856,610
|
|
Federated Total Return Bond Fund IS
|
|
Mutual Fund
|
|
|
974,272
|
|
|
|
|
|
|
|
|
|
10,424,710
|
|
Fidelity Advisor Short Fixed Income A
|
|
Mutual Fund
|
|
|
26,639
|
|
|
|
|
|
|
|
|
|
246,147
|
|
Goldman Sachs Structured US Equity A
|
|
Mutual Fund
|
|
|
183,621
|
|
|
|
|
|
|
|
|
|
5,306,633
|
|
Heritage Mid Cap Stock Fund A
|
|
Mutual Fund
|
|
|
376,480
|
|
|
|
|
|
|
|
|
|
10,552,743
|
|
Mutual Discovery Fund A
|
|
Mutual Fund
|
|
|
40,750
|
|
|
|
|
|
|
|
|
|
1,307,666
|
|
Nationwide Investor Destination Moderate
Conservative A
|
|
Mutual Fund
|
|
|
478,404
|
|
|
|
|
|
|
|
|
|
5,013,669
|
|
Nationwide Small Cap Fund A
|
|
Mutual Fund
|
|
|
26,542
|
|
|
|
|
|
|
|
|
|
422,278
|
|
Oppenheimer Global Fund A
|
|
Mutual Fund
|
|
|
4,627
|
|
|
|
|
|
|
|
|
|
335,705
|
|
Royce Value Plus Service
|
|
Mutual Fund
|
|
|
197,155
|
|
|
|
|
|
|
|
|
|
2,722,707
|
|
T. Rowe Price Growth Stock Fund Adv.
|
|
Mutual Fund
|
|
|
231,805
|
|
|
|
|
|
|
|
|
|
7,742,292
|
|
T. Rowe Price Retirement 2010 Adv.
|
|
Mutual Fund
|
|
|
60,297
|
|
|
|
|
|
|
|
|
|
973,798
|
|
T. Rowe Price Retirement 2020 Adv.
|
|
Mutual Fund
|
|
|
20,874
|
|
|
|
|
|
|
|
|
|
368,852
|
|
T. Rowe Price Retirement 2030 Adv.
|
|
Mutual Fund
|
|
|
24,857
|
|
|
|
|
|
|
|
|
|
471,528
|
|
T. Rowe Price Retirement 2040 Adv.
|
|
Mutual Fund
|
|
|
15,041
|
|
|
|
|
|
|
|
|
|
287,591
|
|
Vanguard Mid Cap Index Fund Signal
|
|
Mutual Fund
|
|
|
26,960
|
|
|
|
|
|
|
|
|
|
799,635
|
|
Vanguard Selected Value Fund Inv
|
|
Mutual Fund
|
|
|
28,457
|
|
|
|
|
|
|
|
|
|
543,253
|
|
Van Kampen Growth & Income Fund A
|
|
Mutual Fund
|
|
|
326,151
|
|
|
|
|
|
|
|
|
|
6,930,707
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
227,129,528
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
BancorpSouth, Inc. and participants in the Plan are parties-in-interest to the Plan.
|
|
**
|
|
Valued at contract value as the contracts are fully benefit-responsive.
|
See
accompanying Report of Independent Registered Public Accounting Firm.
10
BANCORPSOUTH, INC. 401(k) PROFIT-SHARING PLAN
Schedule H, Line 4j Schedule of Reportable Transactions
Year ended December 31, 2007
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense
|
|
|
|
|
|
of asset on
|
|
|
Identity of
|
|
|
|
|
|
Purchase
|
|
Selling
|
|
Lease
|
|
incurred with
|
|
Cost of
|
|
transaction
|
|
|
party involved
|
|
Description of asset
|
|
price
|
|
price
|
|
rental
|
|
transaction
|
|
asset
|
|
date
|
|
Net gain
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BancorpSouth, Inc.*
|
|
Common stock
|
|
$
|
20,541,625
|
|
|
$
|
|
|
|
|
|
|
|
|
|
|
|
$
|
20,541,625
|
|
|
$
|
20,541,625
|
|
|
$
|
|
|
BancorpSouth, Inc.*
|
|
Common stock
|
|
|
|
|
|
|
22,373,182
|
|
|
|
|
|
|
|
|
|
|
|
15,827,381
|
|
|
|
22,373,182
|
|
|
|
6,545,801
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federated Total Return Bond
Fund IS
|
|
Mutual Fund
|
|
|
11,970,675
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,970,675
|
|
|
|
11,970,675
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heritage Mid Cap Stock Fund A
|
|
Mutual Fund
|
|
|
14,133,573
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,133,573
|
|
|
|
14,133,573
|
|
|
|
|
|
|
|
|
*
|
|
BancorpSouth, Inc. is a party-in-interest to the Plan.
|
See
accompanying Report of Independent Registered Public Accounting Firm.
11
SIGNATURES
The Plan
. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees
(or other persons who administer the employee benefit plan) have duly caused this annual report to
be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
BancorpSouth, Inc. 401(k) Proft-Sharing Plan
|
|
June 27, 2008
|
By:
|
BancorpSouth, Inc.
|
|
|
|
|
|
|
By:
|
/s/ William L. Malone
|
|
|
|
Name:
|
William L. Malone
|
|
|
|
Title:
|
First Vice President and Trust Officer
|
|
12
EXHIBIT INDEX
|
|
|
23.1
|
|
Consent of KPMG LLP, Independent Registered Public Accounting Firm
|
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