UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/2012
Check here if Amendment [_]; Amendment Number:
------------
This Amendment (Check only one.); [_] is a restatement,
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report: Ort & Co. (Nominee Name)
Name: Orrstown Financial Services, Inc.
Address: P.O. Box 250
77 E. King Street
Shippensburg, PA 17257
Form 13F File Number: 28-13107
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Thomas A. Holmes
Title: Assistant Vice President & Investment Officer II
Phone: 717-530-3908
Signature, Place, and Date of Signing:
/s/ Thomas A. Holmes Shippensburg, PA 04/10/2012
-------------------------- ---------------- ----------
Signature [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
NONE
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 457
Form 13F Information Table Value Total: 91086
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------- ---------------- --------- -------- -------- --- ---- ------- --------- -------- -------- --------
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 89 1375 SH SOLE 1375 0 0
INGERSOLL-RAND PLC SHS G47791101 8 200 SH DEFINED 200 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 118 7500 SH SOLE 7500 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 932 24867 SH SOLE 24867 0 0
TE CONNECTIVITY LTD REG SHS H84989104 18 500 SH SOLE 500 0 0
DHT MARITIME INC COM Y2065G105 1 700 SH DEFINED 700 0 0
GENERAL MARITIME CORP NEW SHS Y2693R101 0 268 SH DEFINED 268 0 0
ACNB CORP COM 000868109 10 719 SH SOLE 719 0 0
AFLAC INC COM 001055102 23 500 SH SOLE 500 0 0
AT&T INC COM 00206R102 862 27604 SH SOLE 27604 0 0
AT&T INC COM 00206R102 41 1300 SH DEFINED 1300 0 0
ABBOTT LABS COM 002824100 1754 28610 SH SOLE 28610 0 0
ABBOTT LABS COM 002824100 12 200 SH DEFINED 200 0 0
ACTIVISION BLIZZARD INC COM 00507V109 2 150 SH SOLE 150 0 0
ADAMS RES & ENERGY INC COM NEW 006351308 29 500 SH SOLE 500 0 0
ADOBE SYS INC COM 00724F101 1 40 SH SOLE 40 0 0
AECOM TECHNOLOGY CORP 00766T100 38 1700 SH SOLE 1700 0 0
AETNA INC NEW COM 00817Y108 34 680 SH SOLE 680 0 0
ALCOA INC COM 013817101 90 9000 SH SOLE 9000 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 1 500 SH SOLE 500 0 0
ALLERGAN INC COM 018490102 7 75 SH SOLE 75 0 0
ALLETE INC COM NEW 018522300 6 147 SH SOLE 147 0 0
ALLIED IRISH BKS P L C SPON ADR ORD 019228808 6 5150 SH SOLE 5150 0 0
ALTRIA GROUP INC COM 02209S103 26 844 SH SOLE 844 0 0
ALTRIA GROUP INC COM 02209S103 28 900 SH DEFINED 900 0 0
AMERICAN ELECTRIC CO 025537101 62 1620 SH SOLE 1620 0 0
AMERICAN EXPRESS CO COM 025816109 758 13100 SH SOLE 13100 0 0
AMERICAN EXPRESS CO COM 025816109 6 100 SH DEFINED 100 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 7 183 SH SOLE 183 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 2 60 SH SOLE 60 0 0
AMERISOURCEBERGEN CORP COM 03073E105 7 175 SH SOLE 175 0 0
AMSURG CORP COM 03232P405 6 210 SH SOLE 210 0 0
ANNALY MTG MGMT INC COM 035710409 19 1200 SH DEFINED 1200 0 0
APACHE CORP COM 037411105 93 929 SH SOLE 929 0 0
APPLE INC COM 037833100 1334 2225 SH SOLE 2225 0 0
APPLIED DEVELOPMENT HLDGS LT ADR 038173100 0 2000 SH SOLE 2000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 313 9900 SH SOLE 9900 0 0
ARROW ELECTRS INC COM 042735100 206 4900 SH SOLE 4900 0 0
ATMOS ENERGY CORP COM 049560105 39 1250 SH SOLE 1250 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 95 1725 SH SOLE 1725 0 0
AVNET INC COM 053807103 7 183 SH SOLE 183 0 0
BB&T CORP COM 054937107 22 700 SH SOLE 700 0 0
BP AMOCO P L C SPONSORED ADR 055622104 6 132 SH SOLE 132 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 13 100 SH SOLE 100 0 0
BRE PPTYS INC 05564E106 20 398 SH SOLE 398 0 0
BAKER HUGHES INC COM 057224107 3 72 SH SOLE 72 0 0
BANK OF AMERICA CORP 060505104 1 100 SH SOLE 100 0 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -- ---------------- --------- -------- -------- --- ---- ------- ---------- -------- -------- --------
BANK NEW YORK MELLON CORP 064058100 34 1416 SH SOLE 1416 0 0
BARD C R INC COM 067383109 7 72 SH SOLE 72 0 0
BEISTLE COMPANY 072001993 1814 2803 SH SOLE 2803 0 0
BEAM INC COM 073730103 12 200 SH SOLE 200 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 59 725 SH SOLE 725 0 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 169 7200 SH SOLE 7200 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 21 800 SH DEFINED 800 0 0
BRADY CORP CL A 104674106 6 195 SH SOLE 195 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 79 2337 SH SOLE 2337 0 0
BROADVIEW INSTITUTE INC COM 111381109 0 168 SH SOLE 168 0 0
BUFFALO WILD WINGS INC COM 119848109 1061 11700 SH SOLE 11700 0 0
CSX CORP COM 126408103 615 28600 SH SOLE 28600 0 0
CVS CORP COM 126650100 4 100 SH SOLE 100 0 0
CACI INTL INC CL A 127190304 7 110 SH SOLE 110 0 0
CAMECO CORP COM 13321L108 0 1 SH SOLE 1 0 0
CAMPBELL SOUP 134429109 8 247 SH SOLE 247 0 0
CARLISLE COS INC COM 142339100 170 3400 SH SOLE 3400 0 0
CASEYS GEN STORES INC COM 147528103 10 183 SH SOLE 183 0 0
CATERPILLAR INC DEL COM 149123101 480 4506 SH SOLE 4406 100 0
CHESAPEAKE ENERGY CORP COM 165167107 865 37360 SH SOLE 37360 0 0
CHEVRON CORP NEW COM 166764100 2121 19780 SH SOLE 19780 0 0
CHEVRON CORP NEW COM 166764100 11 100 SH DEFINED 100 0 0
CHURCH & DWIGHT INC COM 171340102 9 192 SH SOLE 192 0 0
CISCO SYS INC COM 17275R102 16 740 SH SOLE 740 0 0
CITIGROUP INC COM NEW 172967424 4 120 SH SOLE 120 0 0
CITIGROUP INC COM NEW 172967424 27 730 SH DEFINED 730 0 0
CLEAN ENERGY FUELS CORP COM 184499101 55 2580 SH SOLE 2580 0 0
CLOROX CO DEL COM 189054109 18 262 SH SOLE 262 0 0
COACH INC COM 189754104 13 165 SH SOLE 165 0 0
COCA COLA CO COM 191216100 224 3020 SH SOLE 3020 0 0
COGNEX CORP COM 192422103 4 100 SH SOLE 100 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 953 12390 SH SOLE 12390 0 0
COLGATE PALMOLIVE CO COM 194162103 1750 17900 SH SOLE 17800 100 0
COLGATE PALMOLIVE CO COM 194162103 10 100 SH DEFINED 100 0 0
COMCAST CORP NEW CL A 20030N101 57 1904 SH SOLE 1904 0 0
COMCAST CORP NEW CL A 20030N101 12 400 SH DEFINED 400 0 0
COMMERCIAL METALS CO COM 201723103 3 200 SH SOLE 200 0 0
CONOCOPHILLIPS COM 20825C104 38 500 SH SOLE 500 0 0
CORNING INC COM 219350105 25 1798 SH SOLE 1798 0 0
CORPORATE BACKED TR CTFS 04-7 A1 6.3%34 21988K834 24 1000 SH SOLE 1000 0 0
CORPORATE BACKED TR CTFS 04-4 CL A-1 6% 21988K875 23 1000 SH SOLE 1000 0 0
CROCS INC 227046109 2 75 SH SOLE 75 0 0
CUBIC CORP COM 229669106 3 72 SH SOLE 72 0 0
DST SYS INC DEL COM 233326107 4 72 SH SOLE 72 0 0
DARDEN RESTAURANTS INC COM 237194105 9 180 SH SOLE 180 0 0
DELL INC COM 24702R101 50 3000 SH SOLE 3000 0 0
DENTSPLY INTL INC NEW COM 249030107 6 147 SH SOLE 147 0 0
DEVON ENERGY CORP NEW COM 25179M103 16 220 SH SOLE 220 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 48 1100 SH SOLE 1100 0 0
DIRECTV COM CL A 25490A101 1377 27900 SH SOLE 27900 0 0
DOLLAR TREE INC COM 256746108 553 5850 SH SOLE 5850 0 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -- ---------------- --------- -------- -------- --- ---- ------- ---------- -------- -------- --------
DOMINION RES INC VA NEW COM 25746U109 798 15577 SH SOLE 15577 0 0
DOMINION RES INC VA NEW COM 25746U109 5 100 SH DEFINED 100 0 0
DONEGAL GROUP INC CL A 257701201 3 218 SH SOLE 218 0 0
DOW CHEM CO COM 260543103 125 3600 SH SOLE 3600 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1014 19169 SH SOLE 19169 0 0
DUKE ENERGY CORP NEW COM 26441C105 11 500 SH SOLE 500 0 0
EMC CORPORATION 268648102 538 18000 SH SOLE 18000 0 0
EQT CORP COM 26884L109 6 129 SH SOLE 129 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 19 200 SH DEFINED 200 0 0
EATON CORP COM 278058102 1116 22400 SH SOLE 22400 0 0
EATON CORP COM 278058102 10 200 SH DEFINED 200 0 0
E-BAY INC 278642103 7 200 SH SOLE 200 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 24 700 SH DEFINED 700 0 0
ELECTRONIC ARTS INC COM 285512109 2 100 SH SOLE 100 0 0
EMERSON ELEC CO COM 291011104 961 18418 SH SOLE 18418 0 0
EMERSON ELEC CO COM 291011104 5 100 SH DEFINED 100 0 0
EMPIRE DIST ELEC CO COM 291641108 5 225 SH SOLE 225 0 0
ENTROPIC COMMUNICATIONS INC COM 29384R105 1 200 SH SOLE 200 0 0
EQUIFAX INC COM 294429105 9 210 SH SOLE 210 0 0
EQUINIX INC COM NEW 29444U502 10 62 SH SOLE 62 0 0
EXELON CORP COM 30161N101 64 1632 SH SOLE 1632 0 0
EXXON MOBIL CORP COM 30231G102 2651 30565 SH SOLE 30565 0 0
EXXON MOBIL CORP COM 30231G102 9 100 SH DEFINED 100 0 0
FPL GROUP CAP TR I PFD TR 5.875% 30257V207 10 400 SH SOLE 400 0 0
FAMILY DLR STORES INC COM 307000109 9 147 SH SOLE 147 0 0
FASTENAL CO COM 311900104 62 1150 SH SOLE 1150 0 0
FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 6 400 SH DEFINED 400 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 436 44322 SH SOLE 44322 0 0
FIRSTPLUS FINL GROUP INC COM 33763B103 0 115 SH SOLE 115 0 0
FIRSTENERGY CORP COM 337932107 15 331 SH SOLE 331 0 0
FONAR CORP 344437405 0 80 SH SOLE 80 0 0
FORD MOTOR COMPANY COM NEW 345370860 7 600 SH SOLE 600 0 0
FRANKLIN FINL SVCS CORP COM 353525108 390 24671 SH SOLE 24671 0 0
FULTON FINL CORP PA COM 360271100 16 1500 SH SOLE 1500 0 0
GALLAGHER ARTHUR J & CO COM 363576109 7 183 SH SOLE 183 0 0
GAMESTOP CORP NEW CL A 36467W109 13 600 SH SOLE 600 0 0
GARDNER DENVER INC COM 365558105 9 147 SH SOLE 147 0 0
GENERAL ELEC CO COM 369604103 30 1500 SH SOLE 1500 0 0
GENERAL ELEC CAP CORP PINES 4.50% 35 369622485 21 800 SH SOLE 800 0 0
GENERAL ELEC CAP CORP NT 5.875%2033 369622493 40 1600 SH SOLE 1600 0 0
GENERAL ELEC CAP CORP PINES 6.625% 369622527 21 800 SH SOLE 800 0 0
GENERAL MLS INC COM 370334104 1278 32385 SH SOLE 32385 0 0
GENERAL MLS INC COM 370334104 8 200 SH DEFINED 200 0 0
GLATFELTER P H CO COM 377316104 16 1000 SH SOLE 1000 0 0
GLOBAL X FDS FTSE NORDIC REG 37950E101 7 400 SH DEFINED 400 0 0
GLOBAL X FDS FTSE COLUMBIA20 37950E200 11 500 SH DEFINED 500 0 0
GLOBAL X FDS ANDEAN 40 ETF 37950E655 187 12520 SH SOLE 12520 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 3 200 SH SOLE 200 0 0
GOOGLE INC CL A 38259P508 818 1275 SH SOLE 1275 0 0
GRACO INC COM 384109104 16 300 SH SOLE 300 0 0
HALLIBURTON CO COM 406216101 13 400 SH SOLE 400 0 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -- ---------------- --------- -------- -------- --- ---- ------- ---------- -------- -------- --------
HANESBRANDS INC 410345102 1 43 SH SOLE 43 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 5 183 SH SOLE 183 0 0
HAWKINS INC COM 420261109 119 3200 SH SOLE 3200 0 0
HEINZ H J CO COM 423074103 11 204 SH SOLE 204 0 0
HELMERICH & PAYNE INC COM 423452101 27 497 SH SOLE 497 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 82 15000 SH SOLE 15000 0 0
HERSHEY FOODS CORP COM 427866108 61 1000 SH SOLE 1000 0 0
HEWLETT PACKARD CO COM 428236103 48 2000 SH SOLE 2000 0 0
HONEYWELL INTL INC COM 438516106 1480 24244 SH SOLE 24244 0 0
HONEYWELL INTL INC COM 438516106 6 100 SH DEFINED 100 0 0
HOOPER HOLMES INC COM 439104100 1 1709 SH SOLE 1709 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 5 257 SH SOLE 257 0 0
HORMEL FOODS CORP COM 440452100 10 330 SH SOLE 330 0 0
HOST HOTELS & RESORTS INC COM 44107P104 30 1800 SH SOLE 1800 0 0
IMATION CORP COM 45245A107 0 20 SH SOLE 20 0 0
ING GROEP N V PFD 7.05% 456837202 9 400 SH SOLE 400 0 0
ING GROEP N V PERP DBT 6.125 456837509 9 400 SH SOLE 400 0 0
INTEL CORP COM 458140100 1855 65977 SH SOLE 65977 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 466 2233 SH SOLE 2233 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 6 200 SH SOLE 200 0 0
ISHARES INC MSCI AUSTRALIA 464286103 595 25300 SH SOLE 25300 0 0
ISHARES INC MSCI THAILAND 464286624 11 150 SH DEFINED 150 0 0
ISHARES INC MSCI SINGAPORE 464286673 863 66950 SH SOLE 66950 0 0
ISHARES MSCI EMERG MKT ETF 464287234 756 17600 SH SOLE 17600 0 0
ISHARES MSCI EAFE INDEX 464287465 445 8100 SH SOLE 8100 0 0
ISHARES BIO-TECHNOLOGY ETF 464287556 62 500 SH SOLE 500 0 0
ISHARES RUSSELL 1000 LARGE C AP VALUE 464287598 84 1200 SH SOLE 1200 0 0
ISHARES RUSSELL 1000 LARGE C AP GROWTH 464287614 198 3000 SH SOLE 3000 0 0
ISHARES TR RUSSELL 2000 464287655 141 1700 SH SOLE 1700 0 0
ISHARES TR HIGH YLD CORP 464288513 18 200 SH DEFINED 200 0 0
ISHARES TR ZEALAND INVST 464289123 35 1100 SH DEFINED 1100 0 0
JPMORGAN CHASE & CO COM 46625H100 700 15226 SH SOLE 15226 0 0
JOHNSON & JOHNSON COM 478160104 1049 15906 SH SOLE 15906 0 0
JOHNSON CTLS INC COM 478366107 137 4215 SH SOLE 4215 0 0
JONES SODA CO COM 48023P106 0 300 SH SOLE 300 0 0
KELLOGG CO COM 487836108 5 100 SH SOLE 100 0 0
KIMBERLY CLARK CORP COM 494368103 33 452 SH SOLE 452 0 0
KIMCO REALTY CORP COM 49446R109 4 200 SH SOLE 200 0 0
KRAFT FOODS INC CL A 50075N104 1707 44930 SH SOLE 44930 0 0
KRAFT FOODS INC CL A 50075N104 4 100 SH DEFINED 100 0 0
LSI LOGIC CORP COM 502161102 37 4320 SH SOLE 4320 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 7 72 SH SOLE 72 0 0
LILLY ELI & CO COM 532457108 11 275 SH SOLE 275 0 0
LOCKHEED MARTIN CORP COM 539830109 288 3207 SH SOLE 3207 0 0
LOWES COS INC COM 548661107 38 1210 SH SOLE 1210 0 0
M & T BK CORP COM 55261F104 955 10987 SH SOLE 10987 0 0
MELA SCIENCES INC COM 55277R100 1 250 SH SOLE 250 0 0
MWI VETERINARY SUPPLY INC COM 55402X105 396 4500 SH SOLE 4500 0 0
MAGNETEK INC COM NEW 559424403 1 50 SH SOLE 50 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 10 200 SH SOLE 200 0 0
MARKET VECTORS ETF TR EGYPT INDX ETF 57060U548 9 700 SH DEFINED 700 0 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -- ---------------- --------- -------- -------- --- ---- ------- ---------- -------- -------- --------
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 1006 19050 SH SOLE 19050 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 9 300 SH DEFINED 300 0 0
MARKWEST ENERGY PARTNERS L PUNIT LTD PARTN 570759100 12 200 SH DEFINED 200 0 0
MASTERCARD INCORPORATED 57636Q104 13 30 SH SOLE 30 0 0
MATTHEWS INTL CORP CL A 577128101 3 105 SH SOLE 105 0 0
MCCORMICK & CO INC COM NON VTG 579780206 33 603 SH SOLE 603 0 0
MCDONALDS CORP COM 580135101 79 806 SH SOLE 806 0 0
MCGRAW HILL COS INC COM 580645109 3 72 SH SOLE 72 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 7 800 SH DEFINED 800 0 0
MERCK & CO INC NEW COM 58933Y105 5 135 SH SOLE 135 0 0
MERRILL LYNCH PFD CAP TR V TOPRS 7.28% 59021K205 10 400 SH SOLE 400 0 0
MICROSOFT CORP COM 594918104 1754 54400 SH SOLE 54400 0 0
MICROSOFT CORP COM 594918104 6 200 SH DEFINED 200 0 0
MIDDLEBY CORP COM 596278101 658 6500 SH SOLE 6500 0 0
MONRO MUFFLER BRAKE INC COM 610236101 1324 31911 SH SOLE 31911 0 0
MONSTER BEVERAGE CORP COM 611740101 87 1400 SH SOLE 1400 0 0
MORGAN STANLEY CAP TR III CAP SECS 6.25% 617460209 10 400 SH SOLE 400 0 0
MOSAIC CO NEW COM 61945C103 174 3155 SH SOLE 3155 0 0
MURPHY OIL CORP COM 626717102 6 100 SH SOLE 100 0 0
NASDAQ OMX GROUP INC COM 631103108 1061 41000 SH SOLE 41000 0 0
NATIONAL PENN BANCSHARES INC COM 637138108 9 1000 SH SOLE 1000 0 0
NEXTERA ENERGY INC COM 65339F101 34 552 SH SOLE 552 0 0
NIKE INC CL B 654106103 5 50 SH SOLE 50 0 0
NORDSON CORP COM 655663102 16 294 SH SOLE 294 0 0
NORFOLK SOUTHERN CORP COM 655844108 74 1130 SH SOLE 1130 0 0
NORTHEAST UTILS COM 664397106 4 102 SH SOLE 102 0 0
NURSECARE HEALTH CTR 670576305 0 50 SH SOLE 50 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 10 173 SH SOLE 173 0 0
O2MICRO INTERNATIONAL LTD SPONS ADR 67107W100 2 400 SH SOLE 400 0 0
OLD DOMINION FGHT LINES INC COM 679580100 238 5000 SH SOLE 5000 0 0
OMNICOM GROUP INC 681919106 7 129 SH SOLE 129 0 0
ORACLE CORP COM 68389X105 24 819 SH SOLE 819 0 0
ORRSTOWN FINANCIAL SERVICES REINVESTED SHARES 687OFS993 85 9716 SH SOLE 9716 0 0
ORRSTOWN FINL SVCS INC COM 687380105 2926 333678 SH SOLE 333678 0 0
ORRSTOWN FINL SVCS INC COM 687380105 3 315 SH DEFINED 315 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 919 14251 SH SOLE 14251 0 0
PPG INDS INC COM 693506107 38 400 SH SOLE 400 0 0
P P & L RES INC COM 69351T106 270 9572 SH SOLE 9572 0 0
PANDORA MEDIA INC COM 698354107 10 1000 SH SOLE 1000 0 0
PARK ELECTROCHEMICAL CORP COM 700416209 7 219 SH SOLE 219 0 0
PATTERSON COMPANIES INC COM 703395103 6 183 SH SOLE 183 0 0
PAYCHEX INC COM 704326107 7 225 SH SOLE 225 0 0
PENN NATL GAMING INC COM 707569109 78 1825 SH SOLE 1825 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 2 152 SH SOLE 152 0 0
PEPSICO INC COM 713448108 2373 35762 SH SOLE 35762 0 0
PEPSICO INC COM 713448108 7 100 SH DEFINED 100 0 0
PFIZER INC COM 717081103 116 5116 SH SOLE 5116 0 0
PHILIP MORRIS INTL INC COM 718172109 106 1194 SH SOLE 1194 0 0
PIEDMONT NAT GAS INC COM 720186105 6 180 SH SOLE 180 0 0
PITNEY BOWES INC COM 724479100 246 14000 SH SOLE 14000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 11 275 SH SOLE 275 0 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -- ---------------- --------- -------- -------- --- ---- ------- ---------- -------- -------- --------
POWERSHARES QQQ TR 73935A104 1867 27650 SH SOLE 27650 0 0
POWERSHARES ETF TRUST FINL PFD PTFL 73935X229 38 2100 SH DEFINED 2100 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 69 3600 SH SOLE 3600 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 104 6750 SH SOLE 6750 0 0
PRAXAIR INC COM 74005P104 48 418 SH SOLE 418 0 0
PRICESMART INC COM 741511109 13 183 SH SOLE 183 0 0
PROCTER & GAMBLE CO COM 742718109 280 4164 SH SOLE 4164 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 222 6200 SH SOLE 6200 0 0
PRUDENTIAL FINL INC COM 744320102 895 14118 SH SOLE 14118 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 92 3000 SH SOLE 3000 0 0
PUBLIC STORAGE PFD 1/1000 C 74460D448 10 400 SH SOLE 400 0 0
QLOGIC CORP COM 747277101 4 235 SH SOLE 235 0 0
QUALCOMM INC COM 747525103 929 13643 SH SOLE 13643 0 0
QUALCOMM INC COM 747525103 14 200 SH DEFINED 200 0 0
QUALITY SYS INC COM 747582104 10 220 SH SOLE 220 0 0
RAVEN INDS INC COM 754212108 1241 20334 SH SOLE 20334 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 12 330 SH SOLE 330 0 0
RAYONIER INC COM 754907103 18 397 SH SOLE 397 0 0
REYNOLDS AMERICAN INC COM 761713106 5 120 SH SOLE 120 0 0
RITE AID CORP COM 767754104 0 100 SH SOLE 100 0 0
ROCKWELL AUTOMATION INC COM 773903109 40 502 SH SOLE 502 0 0
ROCKWELL COLLINS INC COM 774341101 26 458 SH SOLE 458 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 13 186 SH SOLE 186 0 0
SPDR S & P 500 INDEX ETF 78462F103 1162 8250 SH SOLE 8250 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 811 5000 SH SOLE 5000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6 40 SH DEFINED 40 0 0
SPDR S&P OIL & GAS EQUIPMENT & SVCS ETF 78464A748 1125 30900 SH SOLE 30900 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1070 18900 SH SOLE 18900 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 2962 22475 SH SOLE 22475 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 895 4950 SH SOLE 4950 0 0
SCHEIN HENRY INC COM 806407102 8 110 SH SOLE 110 0 0
SCHLUMBERGER LTD COM 806857108 14 200 SH SOLE 200 0 0
SELECT SECTOR SPDR TR SBI INT-TECH 81369Y803 15 500 SH SOLE 500 0 0
SEMPRA ENERGY COM 816851109 6 100 SH SOLE 100 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 9 240 SH SOLE 240 0 0
SHERWIN WILLIAMS CO COM 824348106 22 200 SH SOLE 200 0 0
SIGMA ALDRICH CORP COM 826552101 10 135 SH SOLE 135 0 0
SIRIUS XM RADIO INC COM 82967N108 2 1000 SH SOLE 1000 0 0
SKINNY NUTRITIONAL CORP COM 830695102 0 20000 SH SOLE 20000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 11 400 SH SOLE 400 0 0
SMUCKER J M CO COM NEW 832696405 9 107 SH SOLE 107 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 959 16350 SH SOLE 16350 0 0
SOUTHERN CO COM 842587107 1244 27687 SH SOLE 27687 0 0
SOUTHERN CO COM 842587107 9 200 SH DEFINED 200 0 0
SOUTHERN COPPER CORP COM 84265V105 10 303 SH SOLE 303 0 0
SPECTRA ENERGY CORP COM 847560109 2 50 SH SOLE 50 0 0
SPICY PICKLE FRANCHISING COM 84844T100 1 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 8 2750 SH SOLE 2750 0 0
STANDEX INTL CORP COM 854231107 6 150 SH SOLE 150 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 65 1500 SH SOLE 1500 0 0
SUNCOKE ENERGY INC COM 86722A103 2 106 SH SOLE 106 0 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -- ---------------- --------- -------- -------- --- ---- ------- ---------- -------- -------- --------
SUSQUEHANNA BANCSHARES INC P COM 869099101 1025 103763 SH SOLE 103763 0 0
SYNTEL INC COM 87162H103 7 129 SH SOLE 129 0 0
SYSCO CORP 871829107 26 877 SH SOLE 877 0 0
TJX COS INC NEW COM 872540109 1303 32810 SH SOLE 32810 0 0
TJX COS INC NEW COM 872540109 8 200 SH DEFINED 200 0 0
TAYLOR CALVIN B BANKSHARES I COM 876838103 5 200 SH SOLE 200 0 0
TECHNE CORP COM 878377100 6 90 SH SOLE 90 0 0
3M CO COM 88579Y101 984 11028 SH SOLE 11028 0 0
TIDEWATER INC COM 886423102 8 150 SH SOLE 150 0 0
TIFFANY & CO NEW COM 886547108 31 452 SH SOLE 452 0 0
TIM HORTONS INC COM 88706M103 81 1518 SH SOLE 1518 0 0
TIME WARNER INC COM NEW 887317303 4 102 SH SOLE 102 0 0
TIME WARNER CABLE INC COM 88732J207 2 25 SH SOLE 25 0 0
TORM A/S SPONSORED ADR 891072100 0 300 SH DEFINED 300 0 0
TRANSCANADA CORP COM 89353D107 65 1500 SH SOLE 1500 0 0
TRAVELERS COS INC 89417E109 888 15000 SH SOLE 15000 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
UNILEVER PLC SPON ADR NEW 904767704 922 27900 SH SOLE 27900 0 0
UNILIFE CORPORATIO CDI 90478E103 1 1000 SH SOLE 1000 0 0
UNITED NAT FOODS INC COM 911163103 7 147 SH SOLE 147 0 0
UNITED TECHNOLOGIES CORP COM 913017109 66 800 SH SOLE 800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 807 13700 SH SOLE 13700 0 0
V F CORP COM 918204108 11 75 SH SOLE 75 0 0
VALE S A ADR 91912E105 511 21900 SH SOLE 21900 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1750 67900 SH SOLE 67900 0 0
VALERO ENERGY CORP NEW COM 91913Y100 3 100 SH DEFINED 100 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 18 206 SH SOLE 206 0 0
VANGUARD TOTAL BOND MARKET ETF 921937835 695 8350 SH SOLE 8350 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 1189 17600 SH SOLE 17600 0 0
VANGUARD SM CAP VAL VIPER 922908611 760 10800 SH SOLE 10800 0 0
VERIFONE HLDGS INC COM 92342Y109 633 12200 SH SOLE 12200 0 0
VERIZON COMMUNICATIONS 92343V104 938 24536 SH SOLE 24536 0 0
VERIZON COMMUNICATIONS 92343V104 19 500 SH DEFINED 500 0 0
VISA INC COM CL A 92826C839 1510 12800 SH SOLE 12800 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 1007 36412 SH SOLE 36412 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 30 1100 SH DEFINED 1100 0 0
WAL MART STORES INC COM 931142103 62 1020 SH SOLE 1020 0 0
WALGREEN CO COM 931422109 13 400 SH SOLE 400 0 0
WEBSTER FINL CORP CONN COM 947890109 3 142 SH SOLE 142 0 0
WENDYS CO COM 95058W100 186 37250 SH SOLE 37250 0 0
WINDSTREAM CORP COM 97381W104 9 757 SH SOLE 757 0 0
WINDSTREAM CORP COM 97381W104 9 800 SH DEFINED 800 0 0
WOLVERINE WORLD WIDE INC COM 978097103 6 165 SH SOLE 165 0 0
WORLD FUEL SVCS CORP COM 981475106 8 202 SH SOLE 202 0 0
XCL LTD DEL COM 983701103 0 66 SH SOLE 66 0 0
XILINX INC COM 983919101 711 19497 SH SOLE 19497 0 0
XILINX INC COM 983919101 4 100 SH DEFINED 100 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 1 167 SH SOLE 167 0 0
YUM BRANDS INC COM 988498101 730 10250 SH SOLE 10250 0 0
ZIMMER HLDGS INC COM 98956P102 8 120 SH SOLE 120 0 0
ZIONS BANCORP 989701107 2 100 SH SOLE 100 0 0
ZIONS CAP TR B CAP SECS % 989703202 8 300 SH SOLE 300 0 0
GRAND TOTALS 91086 2340345 2340145 200 0