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Exhibit
10.4
 EXECUTIVE SUPPLEMENTAL INCOME AGREEMENT
 (as amended and restated as of October 1, 2007)
 Effective Date Company Executive Prior
Agreements)
 INTRODUCTION
    AGREEMENT
  Article 1
Definitions
 Definitions
 Beneficiary
 Change of Control




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2




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Claimant
 Code
 Company
 Disability Disabled
 3




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Discount Rate
 Early Retirement Date
 ERISA
 Executive Benefit Accrual
 Normal Retirement Date
 Salary
 Separation From Service or Separates From Service
 Shareholder
 Specified Employee
 4




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Article 2 
Lifetime
Benefits
 Normal Retirement Benefit.
 Amount of Benefit.
 Payment of Benefit.
 Early Retirement Benefit.
 Amount of Benefit. 1 2
 Payment of Benefit.
 Separation From Service Prior to the Early Retirement Date or Prior to Normal Retirement
Date.
 5




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Amount of Benefit.
 Payment of Benefit.
 Disability Benefit.
 Amount of Benefit.
 Payment of Benefit.
 Death During Disability.
 Change of Control Benefit
 Amount of Benefit
 Payment of Benefit.
 6




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Excess Parachute Payment.
 Restriction on Distributions to Specified Employees
 Distributions Upon Income Inclusion Under Section 409A of the Code
 No Suspension Upon Re-employment.
 Article 3
Beneficiaries
 Death During Active Service.
 Amount of Benefit.
 Payment of Benefit.
 7




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Death During Benefit Period.
 Article 4

Beneficiaries
 Beneficiary Designations.
 Facility of Payment.
 8




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Article 5

General Limitations
  Termination for Cause.
   Suicide.
 Golden Parachute Payment.
 Article 6
Claims and Review Procedures
 Claims Procedure.
 Initiation  Written Claim.
 Timing of Company Response.
 9




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Notice of Decision.
      Review Procedure.
 Initiation  Written Request.
 Additional Submissions  Information Access.
 Considerations on Review.
 Timing
of Company Response.
 Notice of Decision.
 10




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Article 7
 Amendments and Termination
 Amendments
 Plan Termination Generally
 Plan Terminations Under Section 409A
 Article 8

Miscellaneous
 Binding Effect.
 11




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No Guaranty of Employment.
 Non-Transferability
 Tax Withholding.
 Applicable Law.
 Unfunded Arrangement.
 Severability.
 Administration.
     12




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Named Fiduciary.
 Full Obligation.
 Construction and Compliance with Section 409A.
  COMPANY:
    
    
    
    EXECUTIVE:THE PEOPLES BANK, BILOXI, MISSISSIPPIBy:LAURI A. WOODIts:Date:
    
    
    
    
    
    Date:
 13




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EXHIBIT A
TO THE
EXECUTIVE SUPPLEMENTAL INCOME AGREEMENT
(as amended and restated as of October 1, 2007)
 BENEFICIARY DESIGNATION
 LAURI A. WOOD
  Primary Beneficiary
  Full Name:
    
    
    
    Relationship:Address (No., Street, City, State, Zip Code):
 SS#:
    
    
    
    
    Date of Birth:
    
    
    
    % of Benefits:
 Full Name:
    
    
    
    Relationship:Address (No., Street, City, State, Zip Code):
 SS#:
    
    
    
    
    Date of Birth:
    
    
    
    % of Benefits:
 Full Name:
    
    
    
    Relationship:Address (No., Street, City, State, Zip Code):
 SS#:
    
    
    
    
    Date of Birth:
    
    
    
    % of Benefits:
  14




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Contingent
Beneficiary
  Full Name:
    
    
    
    Relationship:Address (No., Street, City, State, Zip Code):
 SS#:
    
    
    
    
    Date of Birth:
    
    
    
    % of Benefits:
 Full Name:
    
    
    
    Relationship:Address (No., Street, City, State, Zip Code):
 SS#:
    
    
    
    
    Date of Birth:
    
    
    
    % of Benefits:
 Full Name:
    
    
    
    Relationship:Address (No., Street, City, State, Zip Code):
 SS#:
    
    
    
    
    Date of Birth:
    
    
    
    % of Benefits:
    Signature of Witness
    
    Date
    
    
    
    LAURI A. WOOD
    
    Date
 15