10. Long-Term Debt

Long-term debt is listed below:


December 31,	2011					2010
(In thousands)	Outstanding Balance		Average Rate			Outstanding Balance		Average Rate
Total Federal Home Loan Bank advances by year of maturity:
2011	$	-		-		$	16,460		1.99	%
2012		15,500		2.09	%		15,500		2.09	%
2013		75,500		1.11	%		500		4.03	%
2014		75,500		1.61	%		500		4.23	%
2015		51,000		2.00	%		-		-
2016		1,000		2.05	%		-		-
Thereafter		303,314		3.02	%		302,342		3.02	%
Total	$	521,814		2.41	%	$	335,302		2.93	%
Total broker repurchase agreements by year of maturity:
2016	$	75,000		4.05	%	$	75,000		4.05	%
Thereafter		225,000		4.03	%		225,000		4.03	%
Total	$	300,000		4.04	%	$	300,000		4.04	%
Other borrowings by year of maturity:
2011	$	-		-		$	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	%
2016		94		7.97	%		94		7.97	%
Thereafter		963		7.97	%		963		7.97	%
Total	$	1,368		7.97	%	$	1,431		7.97	%
Total combined long-term debt by year of maturity:
2011	$	-		-		$	16,523		2.01	%
2012		15,569		2.12	%		15,569		2.12	%
2013		75,574		1.11	%		574		4.54	%
2014		75,581		1.62	%		581		4.75	%
2015		51,087		2.01	%		87		7.97	%
2016		76,094		4.03	%		75,094		4.05	%
Thereafter		529,277		3.46	%		528,305		3.46	%
Total	$	823,182		3.01	%	$	636,733		3.46	%

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. This capital lease is scheduled to be assumed by Centennial Bank, in connection with their acquisition of Vision's branches, in the first quarter of 2012.

Park had approximately $529.3 million of long-term debt at December 31, 2011 with a contractual maturity longer than five years. However, approximately $525 million of this debt is callable by the issuer in 2012.

At December 31, 2011 and 2010, 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.