Statements of Cash Flows

3 Months Ended

Mar. 31, 2017

Supplemental Cash Flow Information [Abstract]

Note 14 – Statements of Cash Flows

The following table reflects specific transaction amounts for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2017		2016
Income taxes paid	$	778	$	376
Interest expense paid on deposits and borrowings		7,190		4,986
Noncash transfers from loans to other real estate (1)		1,766		3,608

(1)	Includes transfers from covered loans to covered other real estate.

Trustmark adopted the amendments of ASU 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” effective January 1, 2017. ASU 2016-09 included amendments which affected the presentation of the accompanying consolidated statements of cash flows. Specifically, ASU 2016-09 required that excess tax benefits from employee share-based payments to be classified as an operating activity along with other income tax cash flows, and required that cash paid by an employer when directly withholding shares for tax-withholding purposes to be classified as a financing activity. Trustmark elected to present these changes on a retrospective basis in the accompanying consolidated statements of cash flows, which resulted in $147 thousand of excess tax expense from stock-based compensation arrangements being reclassified from financing activities to other operating activities, net and $799 thousand of withholding taxes paid for shares directly withheld being reclassified from other operating activities, net to financing activities for the three months ended March 31, 2016. The adoption of ASU 2016-09 did not materially affect Trustmark’s consolidated financial statements. For additional information regarding the amendments of ASU 2016-09 and the impact to Trustmark, see Note 19 – Accounting Policies Recently Adopted and Pending Accounting Pronouncements.