UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/2011
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 01/09/2012
-------------------------- ---------------- ----------
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: 383
Form 13F Information Table Value Total: 88028
(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 7 125 SH SOLE 125 0 0
INGERSOLL-RAND PLC SHS G47791101 7 231 SH SOLE 231 0 0
INGERSOLL-RAND PLC SHS G47791101 6 200 SH DEFINED 200 0 0
MARVELL TECHNOLOGY GROUP LTDORD G5876H105 145 10500 SH SOLE 10500 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 773 25600 SH SOLE 25600 0 0
TE CONNECTIVITY LTD REG SHS H84989104 15 500 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 22 500 SH SOLE 500 0 0
AT&T INC COM 00206R102 1152 38104 SH SOLE 38104 0 0
AT&T INC COM 00206R102 39 1300 SH DEFINED 1300 0 0
ARC RES LTD CDA COM 00208D408 5 200 SH SOLE 200 0 0
ABBOTT LABS COM 002824100 1530 27208 SH SOLE 27208 0 0
ABBOTT LABS COM 002824100 11 200 SH DEFINED 200 0 0
ACTIVISION BLIZZARD INC COM 00507V109 2 150 SH SOLE 150 0 0
ADAMS RES & ENERGY INC COM NEW 006351308 15 500 SH SOLE 500 0 0
ADOBE SYS INC COM 00724F101 1 40 SH SOLE 40 0 0
AECOM TECHNOLOGY CORP 00766T100 58 2800 SH SOLE 2800 0 0
AETNA INC NEW COM 00817Y108 29 680 SH SOLE 680 0 0
ALCOA INC COM 013817101 79 9100 SH SOLE 9100 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 5 7130 SH SOLE 7130 0 0
ALTERA CORP COM 021441100 82 2200 SH SOLE 2200 0 0
ALTRIA GROUP INC COM 02209S103 69 2344 SH SOLE 2344 0 0
ALTRIA GROUP INC COM 02209S103 12 400 SH DEFINED 400 0 0
AMERICAN ELECTRIC CO 025537101 273 6620 SH SOLE 6620 0 0
AMERICAN EXPRESS CO COM 025816109 608 12900 SH SOLE 12900 0 0
AMERICAN EXPRESS CO COM 025816109 5 100 SH DEFINED 100 0 0
AMERICAN FINL GROUP INC OHIOCOM 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
AMERIGAS PARTNERS L P UNIT L P INT 030975106 9 200 SH SOLE 200 0 0
AMGEN INC COM 031162100 13 200 SH SOLE 200 0 0
AMSURG CORP COM 03232P405 5 210 SH SOLE 210 0 0
ANNALY MTG MGMT INC COM 035710409 51 3200 SH SOLE 3200 0 0
ANNALY MTG MGMT INC COM 035710409 19 1200 SH DEFINED 1200 0 0
APACHE CORP COM 037411105 30 329 SH SOLE 329 0 0
APPLE INC COM 037833100 942 2325 SH SOLE 2325 0 0
APPLIED DEVELOPMENT HLDGS LTADR 038173100 0 2000 SH SOLE 2000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 283 9900 SH SOLE 9900 0 0
ARROW ELECTRS INC COM 042735100 340 9100 SH SOLE 9100 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 3 200 SH SOLE 200 0 0
ATMOS ENERGY CORP COM 049560105 42 1250 SH SOLE 1250 0 0
AUTOMATIC DATA PROCESSING INCOM 053015103 30 550 SH SOLE 550 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AVNET INC COM 053807103 6 183 SH SOLE 183 0 0
BB&T CORP COM 054937107 18 700 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 11 100 SH SOLE 100 0 0
BRE PPTYS INC 05564E106 20 398 SH SOLE 398 0 0
BAKER HUGHES INC COM 057224107 9 192 SH SOLE 192 0 0
BANK OF AMERICA CORP 060505104 2 300 SH SOLE 300 0 0
BANK NEW YORK MELLON CORP 064058100 28 1416 SH SOLE 1416 0 0
BARD C R INC COM 067383109 6 72 SH SOLE 72 0 0
BEISTLE COMPANY 072001993 1814 2803 SH SOLE 2803 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 55 725 SH SOLE 725 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 7 100 SH SOLE 100 0 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 177 10900 SH SOLE 10900 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 8 300 SH DEFINED 300 0 0
BRADY CORP CL A 104674106 6 195 SH SOLE 195 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 89 2537 SH SOLE 2537 0 0
BROADVIEW INSTITUTE INC COM 111381109 0 168 SH SOLE 168 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 6 100 SH SOLE 100 0 0
BUFFALO WILD WINGS INC COM 119848109 270 4000 SH SOLE 4000 0 0
CSX CORP COM 126408103 598 28400 SH SOLE 28400 0 0
CVS CORP COM 126650100 4 100 SH SOLE 100 0 0
CACI INTL INC CL A 127190304 6 110 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 279 6300 SH SOLE 6300 0 0
CASEYS GEN STORES INC COM 147528103 9 183 SH SOLE 183 0 0
CATERPILLAR INC DEL COM 149123101 336 3714 SH SOLE 3614 100 0
CHESAPEAKE ENERGY CORP COM 165167107 822 36910 SH SOLE 36910 0 0
CHEVRON CORP NEW COM 166764100 2166 20355 SH SOLE 20355 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 51 2840 SH SOLE 2840 0 0
CITIGROUP INC COM NEW 172967424 1 20 SH SOLE 20 0 0
CITIGROUP INC COM NEW 172967424 19 730 SH DEFINED 730 0 0
CLEAN ENERGY FUELS CORP COM 184499101 32 2580 SH SOLE 2580 0 0
CLOROX CO DEL COM 189054109 17 262 SH SOLE 262 0 0
COACH INC COM 189754104 10 165 SH SOLE 165 0 0
COCA COLA CO COM 191216100 211 3020 SH SOLE 3020 0 0
COGNEX CORP COM 192422103 4 100 SH SOLE 100 0 0
COGNIZANT TECHNOLOGY SOLUTIOCL A 192446102 864 13440 SH SOLE 13440 0 0
COLGATE PALMOLIVE CO COM 194162103 1654 17900 SH SOLE 17800 100 0
COLGATE PALMOLIVE CO COM 194162103 18 200 SH DEFINED 200 0 0
COMCAST CORP NEW CL A 20030N101 45 1904 SH SOLE 1904 0 0
COMCAST CORP NEW CL A 20030N101 9 400 SH DEFINED 400 0 0
COMMERCIAL METALS CO COM 201723103 3 200 SH SOLE 200 0 0
CONAGRA INC COM 205887102 5 200 SH SOLE 200 0 0
CONOCOPHILLIPS COM 20825C104 36 500 SH SOLE 500 0 0
CONSTELLATION ENERGY 210371100 10 250 SH SOLE 250 0 0
CORNING INC COM 219350105 536 41298 SH SOLE 41298 0 0
CORPORATE BACKED TR CTFS 04-7 A1 6.3%34 21988K834 22 1000 SH SOLE 1000 0 0
CORPORATE BACKED TR CTFS 04-4 CL A-1 6% 21988K875 21 1000 SH SOLE 1000 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
CROCS INC 227046109 2 150 SH SOLE 150 0 0
CUBIC CORP COM 229669106 3 72 SH SOLE 72 0 0
DST SYS INC DEL COM 233326107 3 72 SH SOLE 72 0 0
DARDEN RESTAURANTS INC COM 237194105 22 490 SH SOLE 490 0 0
DELL INC COM 24702R101 44 3000 SH SOLE 3000 0 0
DENTSPLY INTL INC NEW COM 249030107 5 147 SH SOLE 147 0 0
DEVON ENERGY CORP NEW COM 25179M103 14 220 SH SOLE 220 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 539 14360 SH SOLE 14360 0 0
DIRECTV COM CL A 25490A101 1304 30500 SH SOLE 30500 0 0
DOLLAR TREE INC COM 256746108 503 6050 SH SOLE 6050 0 0
DOMINION RES INC VA NEW COM 25746U109 731 13777 SH SOLE 13777 0 0
DOMINION RES INC VA NEW COM 25746U109 5 100 SH DEFINED 100 0 0
DOW CHEM CO COM 260543103 339 11804 SH SOLE 11804 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 866 18918 SH SOLE 18918 0 0
DUKE ENERGY CORP NEW COM 26441C105 18 800 SH SOLE 800 0 0
EMC CORPORATION 268648102 432 20084 SH SOLE 20084 0 0
EQT CORP COM 26884L109 7 129 SH SOLE 129 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 17 200 SH DEFINED 200 0 0
EATON CORP COM 278058102 1018 23400 SH SOLE 23400 0 0
EATON CORP COM 278058102 9 200 SH DEFINED 200 0 0
E-BAY INC 278642103 6 200 SH SOLE 200 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 10 300 SH DEFINED 300 0 0
ELECTRONIC ARTS INC COM 285512109 2 100 SH SOLE 100 0 0
EMERSON ELEC CO COM 291011104 943 20249 SH SOLE 20249 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
ENCANA CORP COM 292505104 392 21150 SH SOLE 21150 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 23 500 SH SOLE 500 0 0
ENTROPIC COMMUNICATIONS INC COM 29384R105 1 200 SH SOLE 200 0 0
EQUIFAX INC COM 294429105 8 210 SH SOLE 210 0 0
EQUINIX INC COM NEW 29444U502 6 62 SH SOLE 62 0 0
EXELON CORP COM 30161N101 61 1400 SH SOLE 1400 0 0
EXXON MOBIL CORP COM 30231G102 2560 30201 SH SOLE 30201 0 0
EXXON MOBIL CORP COM 30231G102 8 100 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 8 147 SH SOLE 147 0 0
FASTENAL CO COM 311900104 9 200 SH SOLE 200 0 0
FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 8 400 SH DEFINED 400 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 200 38000 SH SOLE 38000 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 414 47922 SH SOLE 47922 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
FORD MOTOR COMPANY COM NEW 345370860 6 600 SH SOLE 600 0 0
FRANKLIN FINL SVCS CORP COM 353525108 305 24671 SH SOLE 24671 0 0
FRONTIER COMMUNICATIONS CORPCOM 35906A108 5 1000 SH SOLE 1000 0 0
FULTON FINL CORP PA COM 360271100 211 21500 SH SOLE 21500 0 0
GALLAGHER ARTHUR J & CO COM 363576109 6 183 SH SOLE 183 0 0
GAMESTOP CORP NEW CL A 36467W109 63 2600 SH SOLE 2600 0 0
GARDNER DENVER INC COM 365558105 11 147 SH SOLE 147 0 0
GENERAL ELEC CO COM 369604103 30 1700 SH SOLE 1700 0 0
GENERAL ELEC CAP CORP PINES 4.50% 35 369622485 21 800 SH SOLE 800 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 ELEC CAP CORP NT 5.875%2033 369622493 41 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 1257 31110 SH SOLE 31110 0 0
GENERAL MLS INC COM 370334104 8 200 SH DEFINED 200 0 0
GLATFELTER P H CO COM 377316104 14 1000 SH SOLE 1000 0 0
GLOBAL X FDS FTSE NORDIC REG 37950E101 6 400 SH DEFINED 400 0 0
GLOBAL X FDS FTSE COLUMBIA20 37950E200 9 500 SH DEFINED 500 0 0
GLOBAL X FDS ANDEAN 40 ETF 37950E655 184 14770 SH SOLE 14770 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 3 200 SH SOLE 200 0 0
GOLDCORP INC NEW COM 380956409 9 200 SH SOLE 200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 5 50 SH SOLE 50 0 0
GOOGLE INC CL A 38259P508 824 1275 SH SOLE 1275 0 0
GRACO INC COM 384109104 12 300 SH SOLE 300 0 0
HALLIBURTON CO COM 406216101 14 400 SH SOLE 400 0 0
HANESBRANDS INC 410345102 1 43 SH SOLE 43 0 0
HANSEN NAT CORP COM 411310105 64 700 SH SOLE 700 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 5 183 SH SOLE 183 0 0
HAWKINS INC COM 420261109 262 7100 SH SOLE 7100 0 0
HAWKINS INC COM 420261109 4 100 SH DEFINED 100 0 0
HEALTHSPRING INC COM 42224N101 690 12650 SH SOLE 12650 0 0
HEINZ H J CO COM 423074103 11 204 SH SOLE 204 0 0
HELMERICH & PAYNE INC COM 423452101 29 497 SH SOLE 497 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 73 15000 SH SOLE 15000 0 0
HERSHEY FOODS CORP COM 427866108 25 400 SH SOLE 400 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 70 6000 SH SOLE 6000 0 0
HEWLETT PACKARD CO COM 428236103 52 2000 SH SOLE 2000 0 0
HOME DEPOT INC COM 437076102 6 150 SH SOLE 150 0 0
HONEYWELL INTL INC COM 438516106 1376 25327 SH SOLE 25327 0 0
HONEYWELL INTL INC COM 438516106 5 100 SH DEFINED 100 0 0
HOOPER HOLMES INC COM 439104100 1 1709 SH SOLE 1709 0 0
HORACE MANN EDUCATORS CORP NCOM 440327104 4 257 SH SOLE 257 0 0
HORMEL FOODS CORP COM 440452100 10 330 SH SOLE 330 0 0
HOST HOTELS & RESORTS INC COM 44107P104 29 1945 SH SOLE 1945 0 0
IMATION CORP COM 45245A107 0 20 SH SOLE 20 0 0
ING GROEP N V PFD 7.05% 456837202 7 400 SH SOLE 400 0 0
ING GROEP N V PERP DBT 6.125 456837509 7 400 SH SOLE 400 0 0
INTEL CORP COM 458140100 1625 67000 SH SOLE 67000 0 0
INTERNATIONAL BUSINESS MACHSCOM 459200101 691 3758 SH SOLE 3758 0 0
INTERNATIONAL BUSINESS MACHSCOM 459200101 37 200 SH DEFINED 200 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 5 200 SH SOLE 200 0 0
ISHARES INC MSCI AUSTRALIA 464286103 644 30050 SH SOLE 30050 0 0
ISHARES INC MSCI THAILAND 464286624 9 150 SH DEFINED 150 0 0
ISHARES INC MSCI SINGAPORE 464286673 783 72300 SH SOLE 72300 0 0
ISHARES MSCI EMERG MKT ETF 464287234 702 18500 SH SOLE 18500 0 0
ISHARES MSCI EAFE INDEX 464287465 436 8800 SH SOLE 8800 0 0
ISHARES RUSSELL 1000 LARGE CAP VALUE 464287598 76 1200 SH SOLE 1200 0 0
ISHARES RUSSELL 1000 LARGE CAP GROWTH 464287614 173 3000 SH SOLE 3000 0 0
ISHARES TR RUSSELL 2000 464287655 125 1700 SH SOLE 1700 0 0
ISHARES TR DJ US TELECOMM 464287713 5 250 SH SOLE 250 0 0
ISHARES TR HIGH YLD CORP 464288513 18 200 SH DEFINED 200 0 0
ISHARES TR S&P GLB MTRLS 464288695 3 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ISHARES TR ZEALAND INVST 464289123 17 600 SH DEFINED 600 0 0
JPMORGAN CHASE & CO COM 46625H100 495 14876 SH SOLE 14876 0 0
JOHNSON & JOHNSON COM 478160104 1864 28430 SH SOLE 28430 0 0
JOHNSON & JOHNSON COM 478160104 20 300 SH DEFINED 300 0 0
JOHNSON CTLS INC COM 478366107 132 4215 SH SOLE 4215 0 0
JONES SODA CO COM 48023P106 0 300 SH SOLE 300 0 0
KELLOGG CO COM 487836108 30 600 SH SOLE 600 0 0
KIMBERLY CLARK CORP COM 494368103 33 452 SH SOLE 452 0 0
KIMCO REALTY CORP COM 49446R109 3 200 SH SOLE 200 0 0
KINDER MORGAN ENERGY PARTNERUT LTD PARTNER 494550106 17 200 SH SOLE 200 0 0
KONINKLIJKE AHOLD N V SPON ADR 2007 500467402 4 300 SH SOLE 300 0 0
KRAFT FOODS INC CL A 50075N104 1692 45282 SH SOLE 45282 0 0
KRAFT FOODS INC CL A 50075N104 4 100 SH DEFINED 100 0 0
LSI LOGIC CORP COM 502161102 26 4320 SH SOLE 4320 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 6 72 SH SOLE 72 0 0
LILLY ELI & CO COM 532457108 11 275 SH SOLE 275 0 0
LOCKHEED MARTIN CORP COM 539830109 259 3207 SH SOLE 3207 0 0
LOWES COS INC COM 548661107 31 1210 SH SOLE 1210 0 0
M & T BK CORP COM 55261F104 866 11342 SH SOLE 11342 0 0
MWI VETERINARY SUPPLY INC COM 55402X105 306 4600 SH SOLE 4600 0 0
MAGNETEK INC COM NEW 559424403 0 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 7 700 SH DEFINED 700 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 926 19650 SH SOLE 19650 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 9 300 SH DEFINED 300 0 0
MARKWEST ENERGY PARTNERS L PUNIT LTD PARTN 570759100 11 200 SH DEFINED 200 0 0
MASTERCARD INCORPORATED 57636Q104 11 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 30 603 SH SOLE 603 0 0
MCDONALDS CORP COM 580135101 74 740 SH SOLE 740 0 0
MCGRAW HILL COS INC COM 580645109 3 72 SH SOLE 72 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 3 58 SH SOLE 58 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 8 800 SH DEFINED 800 0 0
MERCK & CO INC NEW COM 58933Y105 33 872 SH SOLE 872 0 0
MERRILL LYNCH PFD CAP TR V TOPRS 7.28% 59021K205 8 400 SH SOLE 400 0 0
MICROSOFT CORP COM 594918104 1464 56400 SH SOLE 56400 0 0
MICROSOFT CORP COM 594918104 8 300 SH DEFINED 300 0 0
MIDDLEBY CORP COM 596278101 668 7100 SH SOLE 7100 0 0
MONRO MUFFLER BRAKE INC COM 610236101 1458 37586 SH SOLE 37586 0 0
MONSANTO CO NEW COM 61166W101 7 100 SH SOLE 100 0 0
MORGAN STANLEY CAP TR III CAP SECS 6.25% 617460209 8 400 SH SOLE 400 0 0
MOSAIC CO NEW COM 61945C103 169 3343 SH SOLE 3343 0 0
MURPHY OIL CORP COM 626717102 28 510 SH SOLE 510 0 0
NASDAQ OMX GROUP INC COM 631103108 1014 41400 SH SOLE 41400 0 0
NATIONAL PENN BANCSHARES INCCOM 637138108 8 1000 SH SOLE 1000 0 0
NEWELL RUBBERMAID INC COM 651229106 2 138 SH SOLE 138 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 31 744 SH SOLE 744 0 0
NORFOLK SOUTHERN CORP COM 655844108 9 130 SH SOLE 130 0 0
NORTHEAST UTILS COM 664397106 4 102 SH SOLE 102 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
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
OCCIDENTAL PETE CORP DEL COM 674599105 22 239 SH SOLE 239 0 0
OLD DOMINION FGHT LINES INC COM 679580100 228 5625 SH SOLE 5625 0 0
OMNICOM GROUP INC 681919106 6 129 SH SOLE 129 0 0
ORACLE CORP COM 68389X105 90 3519 SH SOLE 3519 0 0
ORRSTOWN FINANCIAL SERVICES REINVESTED SHARES 687OFS993 80 9716 SH SOLE 9716 0 0
ORRSTOWN FINL SVCS INC COM 687380105 2615 316998 SH SOLE 316998 0 0
ORRSTOWN FINL SVCS INC COM 687380105 3 315 SH DEFINED 315 0 0
PNC FINANCIAL SERVICES GROUPCOM 693475105 805 13951 SH SOLE 13951 0 0
PPG INDS INC COM 693506107 33 400 SH SOLE 400 0 0
P P & L RES INC COM 69351T106 296 10072 SH SOLE 10072 0 0
PARK ELECTROCHEMICAL CORP COM 700416209 6 219 SH SOLE 219 0 0
PATTERSON COMPANIES INC COM 703395103 5 183 SH SOLE 183 0 0
PAYCHEX INC COM 704326107 7 225 SH SOLE 225 0 0
PENN NATL GAMING INC COM 707569109 115 3025 SH SOLE 3025 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 2 152 SH SOLE 152 0 0
PEPSICO INC COM 713448108 2369 35704 SH SOLE 35704 0 0
PEPSICO INC COM 713448108 7 100 SH DEFINED 100 0 0
PFIZER INC COM 717081103 154 7116 SH SOLE 7116 0 0
PHILIP MORRIS INTL INC COM 718172109 94 1194 SH SOLE 1194 0 0
PIEDMONT NAT GAS INC COM 720186105 6 180 SH SOLE 180 0 0
PIMCO STRATEGIC GBL GOV FD ICOM 72200X104 112 10036 SH SOLE 10036 0 0
PITNEY BOWES INC COM 724479100 259 14000 SH SOLE 14000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 10 275 SH SOLE 275 0 0
POWERSHARES QQQ TR 73935A104 1655 29650 SH SOLE 29650 0 0
POWERSHARES ETF TRUST FINL PFD PTFL 73935X229 19 1200 SH DEFINED 1200 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 61 3600 SH SOLE 3600 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 98 6750 SH SOLE 6750 0 0
PRAXAIR INC COM 74005P104 45 418 SH SOLE 418 0 0
PRICESMART INC COM 741511109 13 183 SH SOLE 183 0 0
PROCTER & GAMBLE CO COM 742718109 223 3339 SH SOLE 3339 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 238 5900 SH SOLE 5900 0 0
PRUDENTIAL FINL INC COM 744320102 753 15018 SH SOLE 15018 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 99 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 735 13443 SH SOLE 13443 0 0
QUALCOMM INC COM 747525103 11 200 SH DEFINED 200 0 0
QUALITY SYS INC COM 747582104 8 220 SH SOLE 220 0 0
QUESTAR CORP COM 748356102 2 100 SH SOLE 100 0 0
RAVEN INDS INC COM 754212108 1391 22467 SH SOLE 22467 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 10 330 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 13 10425 SH SOLE 10425 0 0
ROCKWELL AUTOMATION INC COM 773903109 37 502 SH SOLE 502 0 0
ROCKWELL COLLINS INC COM 774341101 25 458 SH SOLE 458 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 14 186 SH SOLE 186 0 0
SPDR S & P 500 INDEX ETF 78462F103 1079 8600 SH SOLE 8600 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
SPDR GOLD TRUST GOLD SHS 78463V107 760 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 1119 32300 SH SOLE 32300 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 969 18000 SH SOLE 18000 0 0
SPDR DOW JONES INDL AVRG ETFUT SER 1 78467X109 2787 22875 SH SOLE 22875 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 789 4950 SH SOLE 4950 0 0
SCHEIN HENRY INC COM 806407102 7 110 SH SOLE 110 0 0
SCHLUMBERGER LTD COM 806857108 14 200 SH SOLE 200 0 0
SELECT SECTOR SPDR TR SBI INT-TECH 81369Y803 13 500 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 18 200 SH SOLE 200 0 0
SIGMA ALDRICH CORP COM 826552101 8 135 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 6 400 SH SOLE 400 0 0
SMUCKER J M CO COM NEW 832696405 22 278 SH SOLE 278 0 0
SOCIEDAD QUIMICA MINERA DE CSPON ADR SER B 833635105 902 16750 SH SOLE 16750 0 0
SOUTHERN CO COM 842587107 1236 26700 SH SOLE 26700 0 0
SOUTHERN CO COM 842587107 9 200 SH DEFINED 200 0 0
SOUTHERN COPPER CORP COM 84265V105 9 300 SH SOLE 300 0 0
SPECTRA ENERGY CORP COM 847560109 8 250 SH SOLE 250 0 0
SPICY PICKLE FRANCHISING COM 84844T100 0 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 6 2750 SH SOLE 2750 0 0
STANDEX INTL CORP COM 854231107 5 150 SH SOLE 150 0 0
STATE STR CORP COM 857477103 1 34 SH SOLE 34 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 100 2100 SH SOLE 2100 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 37 2000 SH SOLE 2000 0 0
SUNOCO INC 86764P109 8 200 SH SOLE 200 0 0
SUSQUEHANNA BANCSHARES INC PCOM 869099101 14 1692 SH SOLE 1692 0 0
SYNTEL INC COM 87162H103 6 129 SH SOLE 129 0 0
SYSCO CORP 871829107 26 877 SH SOLE 877 0 0
TJX COS INC NEW COM 872540109 1085 16805 SH SOLE 16805 0 0
TJX COS INC NEW COM 872540109 6 100 SH DEFINED 100 0 0
TAYLOR CALVIN B BANKSHARES ICOM 876838103 4 200 SH SOLE 200 0 0
TECHNE CORP COM 878377100 6 90 SH SOLE 90 0 0
3M CO COM 88579Y101 875 10708 SH SOLE 10708 0 0
TIDEWATER INC COM 886423102 7 150 SH SOLE 150 0 0
TIFFANY & CO NEW COM 886547108 30 452 SH SOLE 452 0 0
TIM HORTONS INC COM 88706M103 7 147 SH SOLE 147 0 0
TORM A/S SPONSORED ADR 891072100 0 300 SH DEFINED 300 0 0
TOWER BANCORP INC COM 891709107 555 19432 SH SOLE 19432 0 0
TRAVELERS COS INC 89417E109 769 13000 SH SOLE 13000 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
UNILEVER PLC SPON ADR NEW 904767704 915 27300 SH SOLE 27300 0 0
UNITED NAT FOODS INC COM 911163103 6 147 SH SOLE 147 0 0
UNITED TECHNOLOGIES CORP COM 913017109 58 800 SH SOLE 800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 720 14200 SH SOLE 14200 0 0
V F CORP COM 918204108 10 75 SH SOLE 75 0 0
VALE S A ADR 91912E105 483 22500 SH SOLE 22500 0 0
VALERO ENERGY CORP NEW COM 91913Y100 989 47025 SH SOLE 47025 0 0
VALERO ENERGY CORP NEW COM 91913Y100 2 100 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 21 233 SH SOLE 233 0 0
VANGUARD TOTAL BOND MARKET ETF 921937835 643 7700 SH SOLE 7700 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 1111 18150 SH SOLE 18150 0 0
VANGUARD SM CAP VAL VIPER 922908611 683 10900 SH SOLE 10900 0 0
VERIFONE HLDGS INC COM 92342Y109 455 12800 SH SOLE 12800 0 0
VERIZON COMMUNICATIONS 92343V104 972 24231 SH SOLE 24231 0 0
VERIZON COMMUNICATIONS 92343V104 20 500 SH DEFINED 500 0 0
VISA INC COM CL A 92826C839 1300 12800 SH SOLE 12800 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 997 35592 SH SOLE 35592 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 31 1100 SH DEFINED 1100 0 0
WAL MART STORES INC COM 931142103 74 1235 SH SOLE 1235 0 0
WALGREEN CO COM 931422109 17 507 SH SOLE 507 0 0
WEBSTER FINL CORP CONN COM 947890109 3 142 SH SOLE 142 0 0
WELLS FARGO & CO NEW COM 949746101 69 2500 SH SOLE 2500 0 0
WENDYS CO COM 95058W100 200 37250 SH SOLE 37250 0 0
WESTERN ASST MNG MUN FD INC COM 95766M105 45 3324 SH SOLE 3324 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
XCEL ENERGY INC COM 98389B100 6 200 SH SOLE 200 0 0
XILINX INC COM 983919101 673 20997 SH SOLE 20997 0 0
XILINX INC COM 983919101 3 100 SH DEFINED 100 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 2 167 SH SOLE 167 0 0
YUM BRANDS INC COM 988498101 640 10850 SH SOLE 10850 0 0
ZIMMER HLDGS INC COM 98956P102 6 120 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 88028 2483921 2483721 200 0