UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/2010
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: Christopher J. Jackson
Title: Vice President & Portfolio Manager
Phone: 717-530-2655
Signature, Place, and Date of Signing:
/s/ Christopher J. Jackson Shippensburg, PA 7/12/2010
-------------------------- ---------------- ----------
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: 355
Form 13F Information Table Value Total: 87839
(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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
CHINA YUCHAI INTERNATIONAL LTD G21082105 6 400 SH SOLE 400 0 0
COVIDIEN PLC SHS G2554F105 19 472 SH SOLE 472 0 0
INGERSOLL-RAND PLC SHS G47791101 34 1000 SH SOLE 1000 0 0
INGERSOLL-RAND PLC SHS G47791101 7 200 SH DEFINED 200 0 0
MARVELL TECHNOLOGY GROUP LTDORD G5876H105 177 11200 SH SOLE 11200 0 0
WEATHERFORD INTERNATIONAL LTREG H27013103 5 343 SH SOLE 343 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 802 25958 SH SOLE 25958 0 0
TRANSOCEAN LTD ZUG NAMEN AKT H8817H100 16 350 SH SOLE 350 0 0
TYCO ELECTRONICS LTD SWITZERSHS H8912P106 27 1045 SH SOLE 1045 0 0
TYCO INTERNATIONAL LTD SHS H89128104 18 497 SH SOLE 497 0 0
UNILIFE CORPORATION CHESS DEPS INT U9061T100 17 20000 SH SOLE 20000 0 0
DHT MARITIME INC COM Y2065G105 3 700 SH DEFINED 700 0 0
GENERAL MARITIME CORP NEW SHS Y2693R101 2 268 SH DEFINED 268 0 0
ACNB CORP COM 000868109 120 8569 SH SOLE 8569 0 0
AFLAC INC COM 001055102 28 650 SH SOLE 650 0 0
AES CORP COM 00130H105 1 100 SH SOLE 100 0 0
AT&T INC COM 00206R102 1138 47062 SH SOLE 47062 0 0
AT&T INC COM 00206R102 44 1800 SH DEFINED 1800 0 0
ABBOTT LABS COM 002824100 1367 29228 SH SOLE 29228 0 0
ABBOTT LABS COM 002824100 9 200 SH DEFINED 200 0 0
ACTIVISION BLIZZARD INC COM 00507V109 2 200 SH SOLE 200 0 0
ADAMS EXPRESS CO COM 006212104 52 5734 SH SOLE 5734 0 0
ADOBE SYS INC COM 00724F101 8 308 SH SOLE 308 0 0
AETNA INC NEW COM 00817Y108 18 680 SH SOLE 680 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 9 200 SH SOLE 200 0 0
ALLERGAN INC COM 018490102 11 188 SH SOLE 188 0 0
ALLIED IRISH BKS P L C SPON ADR ORD 019228402 533 244305 SH SOLE 244305 0 0
ALLSTATE CORP COM 020002101 11 400 SH SOLE 400 0 0
ALTERA CORP COM 021441100 11 437 SH SOLE 437 0 0
ALTRIA GROUP INC COM 02209S103 235 11744 SH SOLE 11744 0 0
AMERICAN CAP LTD COM 02503Y103 6 1274 SH SOLE 1274 0 0
AMERICAN ELECTRIC CO 025537101 1079 33409 SH SOLE 33409 0 0
AMERICAN ELECTRIC CO 025537101 13 400 SH DEFINED 400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1 20 SH SOLE 20 0 0
AMERICAN SUPERCONDUCTOR CORPCOM 030111108 3 100 SH SOLE 100 0 0
AMERIPRISE FINL INC COM 03076C106 10 281 SH SOLE 281 0 0
AMGEN INC COM 031162100 18 344 SH SOLE 344 0 0
ANALOG DEVICES INC COM 032654105 7 250 SH SOLE 250 0 0
APACHE CORP COM 037411105 690 8194 SH SOLE 8194 0 0
APPLE INC COM 037833100 246 980 SH SOLE 980 0 0
APPLIED DEVELOPMENT HLDGS LTADR 038173100 1 2000 SH SOLE 2000 0 0
ATMOS ENERGY CORP COM 049560105 2 75 SH SOLE 75 0 0
AUTODESK INC 052769106 11 445 SH SOLE 445 0 0
AVANIR PHARMACEUTICALS CL A NEW 05348P401 0 75 SH SOLE 75 0 0
BB&T CORP COM 054937107 13 500 SH SOLE 500 0 0
BAC CAP 7% 8/15/32 05518E202 18 800 SH SOLE 800 0 0
BAC CAP TR I GTD CAP SECS 055187207 7 300 SH SOLE 300 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
BK AM 7% 2/1/32 055188205 31 1400 SH SOLE 1400 0 0
BP AMOCO P L C SPONSORED ADR 055622104 7 232 SH SOLE 232 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 9 100 SH SOLE 100 0 0
BRE PPTYS INC 05564E106 15 398 SH SOLE 398 0 0
BANK OF AMERICA CORP 060505104 41 2885 SH SOLE 2885 0 0
BANK OF AMERICA CORP 060505104 6 400 SH DEFINED 400 0 0
BANK NEW YORK MELLON CORP 064058100 79 3216 SH SOLE 3216 0 0
BAXTER INTL INC COM 071813109 41 1015 SH SOLE 1015 0 0
BEISTLE COMPANY 072001993 1816 3785 SH SOLE 3785 0 0
BECTON DICKINSON & CO COM 075887109 7 103 SH SOLE 103 0 0
BED BATH & BEYOND 075896100 4 100 SH SOLE 100 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 52 650 SH SOLE 650 0 0
BEST BUY INC COM 086516101 7 198 SH SOLE 198 0 0
BIOGEN IDEC INC COM 09062X103 2 50 SH SOLE 50 0 0
BODYTEL SCIENTIFIC INCORPORA 097000103 2 2000 SH SOLE 2000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 60 2400 SH SOLE 2400 0 0
BUFFALO WILD WINGS INC COM 119848109 4 100 SH SOLE 100 0 0
CCFNB BANCORP INC COM 124880105 17 644 SH SOLE 644 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 9 270 SH SOLE 270 0 0
CAMPBELL SOUP 134429109 4 100 SH SOLE 100 0 0
CARLISLE COS INC COM 142339100 166 4600 SH SOLE 4600 0 0
CARNIVAL CORP 143658300 10 330 SH SOLE 330 0 0
CATERPILLAR INC DEL COM 149123101 962 16014 SH SOLE 15914 100 0
CATERPILLAR INC DEL COM 149123101 6 100 SH DEFINED 100 0 0
CELGENE CORP COM 151020104 5 100 SH SOLE 100 0 0
CENOVUS ENERGY INC COM 15135U109 505 19600 SH SOLE 19500 100 0
CHEESECAKE FACTORY INC COM 163072101 4 200 SH SOLE 200 0 0
CHESAPEAKE ENERGY CORP COM 165167107 143 6810 SH SOLE 6810 0 0
CHEVRON CORP NEW COM 166764100 1057 15579 SH SOLE 15579 0 0
CHICO'S FAS INC 168615102 1 140 SH SOLE 140 0 0
CHIPOTLE MEXICAN GRILL INC CL A 169656105 383 2800 SH SOLE 2800 0 0
CISCO SYS INC COM 17275R102 97 4549 SH SOLE 4549 0 0
CITADEL BROADCASTING CORP 17285T106 0 76 SH SOLE 76 0 0
CITIZENS & NORTHN CORP COM 172922106 13 1184 SH SOLE 1184 0 0
CITIGROUP INC COM 172967101 44 11789 SH SOLE 11789 0 0
CITIGROUP INC COM 172967101 27 7308 SH DEFINED 7308 0 0
CLEAN ENERGY FUELS CORP COM 184499101 39 2580 SH SOLE 2580 0 0
COCA COLA CO COM 191216100 250 4997 SH SOLE 4997 0 0
CODORUS VY BANCORP INC COM 192025104 4 500 SH SOLE 500 0 0
COGNIZANT TECHNOLOGY SOLUTIOCL A 192446102 17 340 SH SOLE 340 0 0
COLGATE PALMOLIVE CO COM 194162103 1966 24968 SH SOLE 24868 100 0
COLGATE PALMOLIVE CO COM 194162103 16 200 SH DEFINED 200 0 0
COMCAST CORP NEW CL A 20030N101 14 800 SH DEFINED 800 0 0
CONOCOPHILLIPS COM 20825C104 44 894 SH SOLE 894 0 0
CONSOLIDATED EDISON INC COM 209115104 8 179 SH SOLE 179 0 0
CONSTELLATION ENERGY 210371100 8 250 SH SOLE 250 0 0
CORNING INC COM 219350105 1203 74555 SH SOLE 74555 0 0
CORPORATE BACKED TR CTFS 04-7 A1 6.3%34 21988K834 21 1000 SH SOLE 1000 0 0
CORPORATE BACKED TR CTFS 04-4 CL A-1 6% 21988K875 20 1000 SH SOLE 1000 0 0
CORTS TR GEN ELEC CAP CORP NCORTS A 6% 32 22082X201 7 275 SH SOLE 275 0 0
CROCS INC 227046109 2 150 SH SOLE 150 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
DNP SELECT INCOME FD COM 23325P104 59 6621 SH SOLE 6621 0 0
DANAHER CORP DEL COM 235851102 45 1200 SH SOLE 1200 0 0
DELL INC COM 24702R101 69 5700 SH SOLE 5700 0 0
DEVON ENERGY CORP NEW COM 25179M103 12 197 SH SOLE 197 0 0
DICKS SPORTING GOODS INC COM 253393102 229 9200 SH SOLE 9200 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 1507 47832 SH SOLE 47732 100 0
DISCOVER FINANCIAL SERVICES 254709108 2 150 SH SOLE 150 0 0
DIRECTV COM CL A 25490A101 0 1 SH SOLE 1 0 0
DOMINION RES INC VA NEW COM 25746U109 629 16253 SH SOLE 16253 0 0
DOMINION RES INC VA NEW COM 25746U109 8 200 SH DEFINED 200 0 0
DOW CHEM CO COM 260543103 618 26050 SH SOLE 25950 100 0
DU PONT E I DE NEMOURS & CO COM 263534109 66 1915 SH SOLE 1915 0 0
DUKE ENERGY CORP NEW COM 26441C105 14 900 SH SOLE 900 0 0
EMC CORPORATION 268648102 4 200 SH SOLE 200 0 0
ENB FINANCIAL CORP PA COM PAR $1 26874L101 20 1000 SH SOLE 1000 0 0
EOG RES INC COM 26875P101 10 100 SH SOLE 100 0 0
EASTMAN KODAK CO COM 277461109 1 160 SH SOLE 160 0 0
EATON CORP COM 278058102 1058 16161 SH SOLE 16161 0 0
EATON CORP COM 278058102 13 200 SH DEFINED 200 0 0
E-BAY INC 278642103 16 794 SH SOLE 794 0 0
ECOLAB INC 278865100 4 99 SH SOLE 99 0 0
EMCLAIRE FINL CORP COM 290828102 16 1000 SH SOLE 1000 0 0
EMERSON ELEC CO COM 291011104 420 9614 SH SOLE 9614 0 0
EMERSON ELEC CO COM 291011104 4 100 SH DEFINED 100 0 0
ENCANA CORP COM 292505104 1089 35900 SH SOLE 35800 100 0
ENCANA CORP COM 292505104 3 100 SH DEFINED 100 0 0
EQUINIX INC COM NEW 29444U502 5 62 SH SOLE 62 0 0
EXELON CORP COM 30161N101 103 2702 SH SOLE 2702 0 0
EXPRESS SCRIPTS INC COM 302182100 17 358 SH SOLE 358 0 0
EXXON MOBIL CORP COM 30231G102 758 13286 SH SOLE 13286 0 0
FNB CORP PA COM 302520101 3 388 SH SOLE 388 0 0
FPL GROUP CAP TR I PFD TR 5.875% 30257V207 10 400 SH SOLE 400 0 0
FAIRPOINT COMMUNICATIONS INCCOM 305560104 0 4 SH SOLE 4 0 0
FARMERS & MERCHANTS 30810N106 23 1000 SH SOLE 1000 0 0
FEDERATED INVS INC PA CL B 314211103 9 424 SH SOLE 424 0 0
FEDEX CORP COM 31428X106 4 50 SH SOLE 50 0 0
FIFTH THIRD BANCORP 316773100 6 500 SH SOLE 500 0 0
FIRST CHESTER CNTY CORP COM 31947W100 10 1172 SH SOLE 1172 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 403 76783 SH SOLE 76783 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 12 972 SH SOLE 972 0 0
FIRSTPLUS FINL GROUP INC COM 33763B103 0 115 SH SOLE 115 0 0
FIRSTENERGY CORP COM 337932107 16 464 SH SOLE 464 0 0
FONAR CORP 344437405 0 80 SH SOLE 80 0 0
FORD MOTOR COMPANY COM NEW 345370860 6 600 SH SOLE 600 0 0
FRANKLIN FINL SVCS CORP COM 353525108 987 55822 SH SOLE 55822 0 0
FREEPORT-MCMORAN COPPER & GOCOM 35671D857 8 141 SH SOLE 141 0 0
FRESENIUS MED CARE 358029106 11 209 SH SOLE 209 0 0
FULTON FINL CORP PA COM 360271100 21 2193 SH SOLE 2193 0 0
GENERAL ELEC CO COM 369604103 256 17762 SH SOLE 17762 0 0
GENERAL ELEC CAP CORP PINES 4.50% 35 369622485 20 800 SH SOLE 800 0 0
GENERAL ELEC CAP CORP NT 5.875%2033 369622493 40 1600 SH SOLE 1600 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
GENERAL MLS INC COM 370334104 559 15724 SH SOLE 15724 0 0
GENERAL MLS INC COM 370334104 7 200 SH DEFINED 200 0 0
GILEAD SCIENCES INC COM 375558103 12 350 SH SOLE 350 0 0
GLEN BURNIE BANCORP COM 377407101 16 1728 SH SOLE 1728 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 7 50 SH SOLE 50 0 0
GOOGLE INC CL A 38259P508 915 2057 SH SOLE 2057 0 0
W R GRACE & CO NEW 38388F108 4 200 SH SOLE 200 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 17 800 SH SOLE 800 0 0
HANESBRANDS INC 410345102 1 43 SH SOLE 43 0 0
HANSEN NAT CORP COM 411310105 55 1400 SH SOLE 1400 0 0
HARLEY DAVIDSON INC COM 412822108 8 350 SH SOLE 350 0 0
HARSCO CORP COM 415864107 249 10600 SH SOLE 10600 0 0
HAWKINS INC COM 420261109 1033 42900 SH SOLE 42900 0 0
HAWKINS INC COM 420261109 2 100 SH DEFINED 100 0 0
HEALTH CARE REIT INC COM 42217K106 11 252 SH SOLE 252 0 0
HEINZ H J CO COM 423074103 4 100 SH SOLE 100 0 0
HELMERICH & PAYNE INC COM 423452101 4 100 SH SOLE 100 0 0
HERSHEY FOODS CORP COM 427866108 379 7902 SH SOLE 7902 0 0
HEWLETT PACKARD CO COM 428236103 1587 36688 SH SOLE 36688 0 0
HOME DEPOT INC COM 437076102 28 1008 SH SOLE 1008 0 0
HONDA MOTOR CO LTD 438128308 3 100 SH SOLE 100 0 0
HONEYWELL INTL INC COM 438516106 993 25441 SH SOLE 25441 0 0
HONEYWELL INTL INC COM 438516106 4 100 SH DEFINED 100 0 0
ITT INDS INC IND COM 450911102 13 282 SH SOLE 282 0 0
IMATION CORP COM 45245A107 0 20 SH SOLE 20 0 0
ING GROEP N V 8.5% PER HYB CAP 456837806 87 4000 SH SOLE 4000 0 0
INTEL CORP COM 458140100 127 6531 SH SOLE 6531 0 0
INTERNATIONAL BUSINESS MACHSCOM 459200101 1086 8794 SH SOLE 8794 0 0
INTERNATIONAL BUSINESS MACHSCOM 459200101 25 200 SH DEFINED 200 0 0
INTUIT COM 461202103 9 250 SH SOLE 250 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 27 1500 SH SOLE 1500 0 0
ISHARES INC MSCI BRAZIL 464286400 386 6250 SH SOLE 6250 0 0
ISHARES INC MSCI SINGAPORE 464286673 184 16400 SH SOLE 16400 0 0
ISHARES TR INDEX S&P 500 INDEX 464287200 68 661 SH SOLE 661 0 0
ISHARES MSCI EMERGING MKT ETF 464287234 690 18500 SH SOLE 18500 0 0
ISHARES MSCI EAFE INDEX 464287465 758 16300 SH SOLE 16300 0 0
ISHARES TR INDEX RUSSELL MIDCAP 464287499 36 447 SH SOLE 447 0 0
ISHARES RUSSELL 1000 LARGE CAP VALUE 464287598 190 3500 SH SOLE 3500 0 0
ISHARES RUSSELL 1000 LARGE CAP GROWTH 464287614 238 5200 SH SOLE 5200 0 0
ISHARES TR RUSSELL 2000 464287655 159 2600 SH SOLE 2600 0 0
JP MORGAN CHASE CAP X PFD TR SECS 7% 46623D200 10 400 SH SOLE 400 0 0
JPMORGAN CHASE & CO COM 46625H100 805 21981 SH SOLE 21981 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1075 29500 SH SOLE 29500 0 0
JOHNSON & JOHNSON COM 478160104 2649 44853 SH SOLE 44753 100 0
JOHNSON & JOHNSON COM 478160104 18 300 SH DEFINED 300 0 0
JOHNSON CTLS INC COM 478366107 114 4257 SH SOLE 4257 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
KIMCO REALTY CORP COM 49446R109 3 200 SH SOLE 200 0 0
KOHLS CORP COM 500255104 17 364 SH SOLE 364 0 0
KRAFT FOODS INC CL A 50075N104 2022 72232 SH SOLE 72232 0 0
KRAFT FOODS INC CL A 50075N104 3 100 SH DEFINED 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
LSI LOGIC CORP COM 502161102 0 34 SH SOLE 34 0 0
LILLY ELI & CO COM 532457108 16 468 SH SOLE 468 0 0
LOCKHEED MARTIN CORP COM 539830109 235 3153 SH SOLE 3153 0 0
LOEWS CORP COM 540424108 897 26950 SH SOLE 26950 0 0
LOWES COS INC COM 548661107 65 3200 SH SOLE 3200 0 0
M & T BK CORP COM 55261F104 1361 16023 SH SOLE 16023 0 0
M&T CAPITAL TRUST IV ENH TRUPS 8.5% 55292C203 54 2000 SH SOLE 2000 0 0
MAGNETEK INC COM 559424106 0 500 SH SOLE 500 0 0
MANITOWOC INC COM 563571108 5 500 SH SOLE 500 0 0
MANULIFE FINL CORP 56501R106 13 904 SH SOLE 904 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 10 200 SH SOLE 200 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 359 9900 SH SOLE 9900 0 0
MARRIOTT INTL INC NEW CL A 571903202 6 212 SH SOLE 212 0 0
MASCO CORP COM 574599106 1 100 SH SOLE 100 0 0
MASTERCARD INCORPORATED 57636Q104 20 100 SH SOLE 100 0 0
MCAFEE INC COM 579064106 3 88 SH SOLE 88 0 0
MCDONALDS CORP COM 580135101 150 2271 SH SOLE 2271 0 0
MCKESSON HBOC INC COM 58155Q103 25 377 SH SOLE 377 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 45 824 SH SOLE 824 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 8 800 SH DEFINED 800 0 0
MEDTRONIC INC COM 585055106 18 500 SH SOLE 500 0 0
MERCK & CO INC NEW COM 58933Y105 84 2390 SH SOLE 2390 0 0
METLIFE INC 59156R108 20 525 SH SOLE 525 0 0
MICROSOFT CORP COM 594918104 1770 76951 SH SOLE 76951 0 0
MICROSOFT CORP COM 594918104 7 300 SH DEFINED 300 0 0
MIDDLEBY CORP COM 596278101 778 14623 SH SOLE 14623 0 0
MONACO COACH CORP COM 60886R103 0 180 SH SOLE 180 0 0
MONRO MUFFLER BRAKE INC COM 610236101 17 424 SH SOLE 424 0 0
MOTOROLA INC COM 620076109 5 720 SH SOLE 720 0 0
MOTORS LIQ CO COM 62010A105 1 2300 SH SOLE 2300 0 0
NYSE EURONEXT COM 629491101 852 30834 SH SOLE 30834 0 0
NEXTERA ENERGY INC COM 65339F101 43 890 SH SOLE 890 0 0
NIKE INC CL B 654106103 14 200 SH SOLE 200 0 0
NORFOLK SOUTHERN CORP COM 655844108 14 270 SH SOLE 270 0 0
NORTHEAST UTILS COM 664397106 3 102 SH SOLE 102 0 0
NORTHROP GRUMMAN CORP COM 666807102 22 400 SH SOLE 400 0 0
NOVELLUS SYS INC COM 670008101 2 90 SH SOLE 90 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 10 173 SH SOLE 173 0 0
NUVEEN PFD & CONV INCOME FD COM SHS 67073D102 17 2223 SH SOLE 2223 0 0
OCEANEERING INTERNATIONAL IN 675232102 678 15100 SH SOLE 15100 0 0
OLD LINE BANCSHARES 67984M100 20 2500 SH SOLE 2500 0 0
OMNICOM GROUP INC 681919106 3 79 SH SOLE 79 0 0
ORACLE CORP COM 68389X105 60 2800 SH SOLE 2800 0 0
O REILLY AUTOMOTIVE INC COM 686091109 4 84 SH SOLE 84 0 0
ORRSTOWN FINANCIAL SERVICES REINVESTED SHARES 687OFS993 287 12962 SH SOLE 12962 0 0
ORRSTOWN FINL SVCS INC COM 687380105 8377 378696 SH SOLE 378696 0 0
ORRSTOWN FINL SVCS INC COM 687380105 7 315 SH DEFINED 315 0 0
OTTER TAIL CORP COM 689648103 10 500 SH SOLE 500 0 0
P & F INDS INC CL A NEW 692830508 8 3500 SH SOLE 3500 0 0
PNC FINANCIAL SERVICES GROUPCOM 693475105 1446 25593 SH SOLE 25593 0 0
PPG INDS INC COM 693506107 44 731 SH SOLE 731 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
P P & L RES INC COM 69351T106 231 9262 SH SOLE 9262 0 0
PARKER HANNIFIN CORP COM 701094104 629 11335 SH SOLE 11335 0 0
PENGROWTH ENERGY TR TR UNIT NEW 706902509 7 800 SH SOLE 800 0 0
PENN NATL GAMING INC COM 707569109 84 3625 SH SOLE 3625 0 0
PEPSICO INC COM 713448108 2685 44053 SH SOLE 44053 0 0
PEPSICO INC COM 713448108 6 100 SH DEFINED 100 0 0
PETROLEUM & RES CORP COM 716549100 30 1513 SH SOLE 1513 0 0
PFIZER INC COM 717081103 290 20308 SH SOLE 20308 0 0
PHILIP MORRIS INTL INC COM 718172109 536 11694 SH SOLE 11694 0 0
PHILIP MORRIS INTL INC COM 718172109 5 100 SH DEFINED 100 0 0
PITNEY BOWES INC COM 724479100 417 19000 SH SOLE 19000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 38 1100 SH SOLE 1100 0 0
POWERSHARES QQQ TR 73935A104 1676 39250 SH SOLE 39250 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 340 22550 SH SOLE 22550 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 505 39550 SH SOLE 39050 500 0
PRAXAIR INC COM 74005P104 31 402 SH SOLE 402 0 0
PRECISION CASTPARTS CORP COM 740189105 3 28 SH SOLE 28 0 0
PROCTER & GAMBLE CO COM 742718109 185 3077 SH SOLE 3077 0 0
PRUDENTIAL FINL INC COM 744320102 294 5471 SH SOLE 5471 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 146 4668 SH SOLE 4668 0 0
QNB CORP COM 74726N107 13 673 SH SOLE 673 0 0
QUALCOMM INC COM 747525103 15 457 SH SOLE 457 0 0
QWEST COMMUNICATIONS INTL INCOM 749121109 2 337 SH SOLE 337 0 0
RAVEN INDS INC COM 754212108 1195 35450 SH SOLE 35350 100 0
RAYONIER INC COM 754907103 12 265 SH SOLE 265 0 0
RESEARCH IN MOTION LTD COM 760975102 10 202 SH SOLE 202 0 0
REYNOLDS AMERICAN INC COM 761713106 3 60 SH SOLE 60 0 0
RITE AID CORP COM 767754104 11 10800 SH SOLE 10800 0 0
ROCKWELL AUTOMATION INC COM 773903109 25 502 SH SOLE 502 0 0
ROCKWELL COLLINS INC COM 774341101 24 458 SH SOLE 458 0 0
ROFIN SINAR TECHNOLOGIES INCCOM 775043102 250 12000 SH SOLE 12000 0 0
ROSS STORES INC COM 778296103 35 664 SH SOLE 664 0 0
ROYAL BANCSHARES OF PENNSYLVANIA 780081105 1 400 SH SOLE 400 0 0
SPDR S & P 500 INDEX ETF 78462F103 2090 20250 SH SOLE 20250 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 571 4690 SH SOLE 4690 0 0
SPDR S&P OIL & GAS EQUIPMENT& SVCS ETF 78464A748 283 11300 SH SOLE 11300 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 971 21500 SH SOLE 21500 0 0
SPDR DOW JONES INDL AVRG ETFUT SER 1 78467X109 3267 33425 SH SOLE 33425 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 707 5470 SH SOLE 5470 0 0
ST JUDE MED INC COM 790849103 213 5900 SH SOLE 5900 0 0
SCHLUMBERGER LTD COM 806857108 20 353 SH SOLE 353 0 0
SEALED AIR CORP NEW COM 81211K100 4 214 SH SOLE 214 0 0
SHERWIN WILLIAMS CO COM 824348106 14 200 SH SOLE 200 0 0
SIRIUS XM RADIO INC COM 82967N108 1 1000 SH SOLE 1000 0 0
SKINNY NUTRITIONAL CORP COM 830695102 1 10000 SH SOLE 10000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 8 500 SH SOLE 500 0 0
SMITH INTERNATIONAL INC 832110100 10 260 SH SOLE 260 0 0
SMUCKER J M CO COM NEW 832696405 1 23 SH SOLE 23 0 0
SOUTH FINL GROUP INC COM 837841105 3 10000 SH SOLE 10000 0 0
SOUTHERN CO COM 842587107 129 3863 SH SOLE 3863 0 0
SPECTRA ENERGY CORP COM 847560109 1 50 SH SOLE 50 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
SPICY PICKLE FRANCHISING COM 84844T100 0 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 9 2100 SH SOLE 2100 0 0
STAMPS COM INC COM NEW 852857200 1 100 SH SOLE 100 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 98 2100 SH SOLE 2100 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 53 2000 SH SOLE 2000 0 0
SUNOCO INC 86764P109 3 100 SH SOLE 100 0 0
SUSQUEHANNA BANCSHARES INC PCOM 869099101 22 2642 SH SOLE 2642 0 0
SYSCO CORP 871829107 8 273 SH SOLE 273 0 0
TJX COS INC NEW COM 872540109 447 10650 SH SOLE 10550 100 0
TJX COS INC NEW COM 872540109 4 100 SH DEFINED 100 0 0
TARGET CORP COM 87612E106 8 158 SH SOLE 158 0 0
TAYLOR CALVIN B BANKSHARES ICOM 876838103 7 200 SH SOLE 200 0 0
TEAM INC 878155100 116 8900 SH SOLE 8900 0 0
TEVA PHARMACEUTICAL INDUSTRIES LTD 881624209 5 94 SH SOLE 94 0 0
3M CO COM 88579Y101 129 1628 SH SOLE 1628 0 0
TORM A/S SPONSORED ADR 891072100 2 300 SH DEFINED 300 0 0
TOWER BANCORP INC COM 891709107 1244 56858 SH SOLE 56858 0 0
TRAVELERS COS INC 89417E109 1 29 SH SOLE 29 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
US BANCORP DEL COM NEW 902973304 1101 49262 SH SOLE 49262 0 0
UNITED PARCEL SERVICE 911312106 9 160 SH SOLE 160 0 0
UNITED TECHNOLOGIES CORP COM 913017109 80 1232 SH SOLE 1232 0 0
UNITEDHEALTH GROUP INC COM 91324P102 130 4568 SH SOLE 4568 0 0
VALE S A ADR 91912E105 925 38000 SH SOLE 38000 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 21 249 SH SOLE 249 0 0
VANGUARD TOTAL BOND MARKET ETF 921937835 765 9400 SH SOLE 9400 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 1153 22950 SH SOLE 22950 0 0
VANGUARD SM CAP VAL VIPER 922908611 129 2400 SH SOLE 2400 0 0
VERIZON COMMUNICATIONS 92343V104 856 30541 SH SOLE 30541 0 0
VERIZON COMMUNICATIONS 92343V104 14 500 SH DEFINED 500 0 0
VISA INC COM CL A 92826C839 113 1600 SH SOLE 1600 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 516 24968 SH SOLE 24968 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 12 600 SH DEFINED 600 0 0
WACHOVIA PFD FDG CORP PFD A7.25%PERP 92977V206 12 525 SH SOLE 525 0 0
WAL MART STORES INC COM 931142103 222 4627 SH SOLE 4627 0 0
WALGREEN CO COM 931422109 25 925 SH SOLE 925 0 0
WASHINGTON MUT INC COM 939322103 0 320 SH SOLE 320 0 0
WASTE MGMT INC DEL COM 94106L109 6 200 SH SOLE 200 0 0
WEBSTER FINL CORP CONN COM 947890109 3 142 SH SOLE 142 0 0
WELLS FARGO & CO NEW COM 949746101 98 3834 SH SOLE 3834 0 0
WELLS FARGO CAPITAL TRUST IV 94976Y207 10 400 SH SOLE 400 0 0
WINDSTREAM CORP COM 97381W104 3 257 SH SOLE 257 0 0
WINDSTREAM CORP COM 97381W104 8 800 SH DEFINED 800 0 0
WYNN RESORTS LTD COM 983134107 8 100 SH SOLE 100 0 0
XCL LTD DEL COM 983701103 0 66 SH SOLE 66 0 0
XCEL ENERGY INC COM 98389B100 775 37625 SH SOLE 37625 0 0
YRC WORLDWIDE INC COM 984249102 1 4000 SH SOLE 4000 0 0
YORK TRADITIONS BANK 987159100 6 6250 SH SOLE 6250 0 0
YUM BRANDS INC COM 988498101 1091 27950 SH SOLE 27950 0 0
ZIMMER HLDGS INC COM 98956P102 203 3760 SH SOLE 3760 0 0
ZIONS BANCORP 989701107 2 100 SH SOLE 100 0 0
ZIONS CAP TR B CAP SECS % 989703202 7 300 SH SOLE 300 0 0
GRAND TOTALS 87839 2903461 2902061 1400 0