10. LONG-TERM DEBT

Long-term debt is listed below:


December 31	2010					2009
	Outstanding		Average			Outstanding		Average
(In thousands)	Balance		Rate			Balance		Rate
Total Federal Home Loan Bank advances by year of maturity:
2010	$	—		—		$	17,560		5.68	%
2011		16,460		1.99	%		16,460		1.99	%
2012		15,500		2.09	%		15,500		2.09	%
2013		500		4.03	%		500		4.03	%
2014		500		4.23	%		500		4.23	%
2015		—		0.00	%		—		—
Thereafter		302,342		3.02	%		302,371		3.02	%
Total	$	335,302		2.93	%	$	352,891		3.05	%
Total broker repurchase agreements by year of maturity:
After 2015	$	300,000		4.04	%	$	300,000		4.04	%
Total	$	300,000		4.04	%	$	300,000		4.04	%
Other borrowings by year of maturity:
2010	$	—		—		$	59		7.97	%
2011		63		7.97	%		63		7.97	%
2012		69		7.97	%		69		7.97	%
2013		74		7.97	%		74		7.97	%
2014		81		7.97	%		81		7.97	%
2015		87		7.97	%		87		7.97	%
Thereafter		1,057		7.97	%		1,057		7.97	%
Total	$	1,431		7.97	%	$	1,490		7.97	%
Total combined long-term debt by year of maturity:
2010	$	—		—		$	17,619		5.69	%
2011		16,523		2.01	%		16,523		2.01	%
2012		15,569		2.12	%		15,569		2.12	%
2013		574		4.54	%		574		4.54	%
2014		581		4.75	%		581		4.75	%
2015		87		7.97	%		87		7.97	%
Thereafter		603,399		3.54	%		603,428		3.54	%
Total	$	636,733		3.46	%	$	654,381		3.52	%

Other borrowings consist of a capital lease obligation of $1.4 million, pertaining to an arrangement that was part of the acquisition of Vision on March 9, 2007 and its associated minimum lease payments.

Park had approximately $603.4 million of long-term debt at December 31, 2010 with a contractual maturity longer than five years. However, approximately $600 million of this debt is callable by the issuer in 2011.

At December 31, 2010 and 2009, Federal Home Loan Bank (FHLB) advances were collateralized by investment securities owned by the Corporation's subsidiary banks and by various loans pledged under a blanket agreement by the Corporation's subsidiary banks.

See Note 4 of these Notes to Consolidated Financial Statements for the amount of investment securities that are pledged. See Note 9 of these Notes to Consolidated Financial Statements for the amount of commercial real estate and residential mortgage loans that are pledged to the FHLB.