10. Long-term debt:

Long-term debt consisting of advances from the FHLB under various notes at December 31, 2011 and 2010 are as follows:

Due	Convertible		Strike Rate			Current Interest Rate			2011		2010
September 2011		N/A		N/A			5.05	%			$	150
October 2011		N/A		N/A			4.47	%				2,500
September 2012	March 2012			8.0	%		3.69	%	$	5,000		5,000
January 2013	January 2012			N/A			2.67	%		5,000		5,000
February 2013	February 2012			8.0	%		3.59	%		5,000		5,000
January 2015		N/A		8.0	%		4.31	%				5,000
November 2015		N/A		N/A			4.67	%		985		1,209
February 2016		N/A		N/A			4.86	%		524		634
February 2016		N/A		N/A			4.86	%		524		635
February 2017		N/A		N/A			4.99	%		1,894		2,208
									$	18,927	$	27,336

The FHLB has the option to convert convertible rate notes at rates ranging from the three-month LIBOR plus .15% to plus .22% on a quarterly basis, if greater than the applicable strike rate, commencing on the conversion date. If converted, Peoples Bank has the option to repay these advances at each of the option dates without penalty.

Maturities of long-term debt, by contractual maturity, in years subsequent to December 31, 2011 are as follows:

2012	$	5,797
2013		10,836
2014		878
2015		899
2016		448
Thereafter		69
	$	18,927