UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/2011
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 10/05/2011
-------------------------- ---------------- ----------
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: 375
Form 13F Information Table Value Total: 87329
(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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
BUNGE LIMITED COM G16962105 13 228 SH SOLE 228 0 0
INGERSOLL-RAND PLC SHS G47791101 6 231 SH SOLE 231 0 0
INGERSOLL-RAND PLC SHS G47791101 6 200 SH DEFINED 200 0 0
MARVELL TECHNOLOGY GROUP LTDORD G5876H105 431 29700 SH SOLE 29700 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 925 31533 SH SOLE 31533 0 0
TE CONNECTIVITY LTD REG SHS H84989104 14 500 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 24 1769 SH SOLE 1769 0 0
ABM INDS INC COM 000957100 21 1125 SH SOLE 1125 0 0
AFLAC INC COM 001055102 17 500 SH SOLE 500 0 0
AT&T INC COM 00206R102 1087 38104 SH SOLE 38104 0 0
AT&T INC COM 00206R102 37 1300 SH DEFINED 1300 0 0
ABBOTT LABS COM 002824100 1368 26749 SH SOLE 26749 0 0
ABBOTT LABS COM 002824100 10 200 SH DEFINED 200 0 0
ACTIVISION BLIZZARD INC COM 00507V109 2 150 SH SOLE 150 0 0
ADAMS EXPRESS CO COM 006212104 53 5734 SH SOLE 5734 0 0
ADAMS RES & ENERGY INC COM NEW 006351308 10 500 SH SOLE 500 0 0
AECOM TECHNOLOGY CORP 00766T100 69 3900 SH SOLE 3900 0 0
AETNA INC NEW COM 00817Y108 25 680 SH SOLE 680 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 1 500 SH SOLE 500 0 0
ALLETE INC COM NEW 018522300 17 456 SH SOLE 456 0 0
ALLIED IRISH BKS P L C SPON ADR ORD 019228808 7 14140 SH SOLE 14140 0 0
ALTERA CORP COM 021441100 277 8787 SH SOLE 8787 0 0
ALTRIA GROUP INC COM 02209S103 63 2344 SH SOLE 2344 0 0
ALTRIA GROUP INC COM 02209S103 11 400 SH DEFINED 400 0 0
AMERICAN ELECTRIC CO 025537101 316 8309 SH SOLE 8309 0 0
AMERICAN EXPRESS CO COM 025816109 58 1300 SH SOLE 1300 0 0
AMERICAN FINL GROUP INC OHIOCOM 025932104 18 569 SH SOLE 569 0 0
AMGEN INC COM 031162100 11 200 SH SOLE 200 0 0
ANNALY MTG MGMT INC COM 035710409 53 3200 SH SOLE 3200 0 0
ANNALY MTG MGMT INC COM 035710409 20 1200 SH DEFINED 1200 0 0
APACHE CORP COM 037411105 14 171 SH SOLE 171 0 0
APPLE INC COM 037833100 770 2019 SH SOLE 2019 0 0
APPLIED DEVELOPMENT HLDGS LTADR 038173100 0 2000 SH SOLE 2000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 709 28600 SH SOLE 28600 0 0
ARROW ELECTRS INC COM 042735100 529 19050 SH SOLE 19050 0 0
ATMOS ENERGY CORP COM 049560105 41 1250 SH SOLE 1250 0 0
AUTOMATIC DATA PROCESSING INCOM 053015103 19 400 SH SOLE 400 0 0
BB&T CORP COM 054937107 43 2000 SH SOLE 2000 0 0
BP AMOCO P L C SPONSORED ADR 055622104 5 132 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 17 398 SH SOLE 398 0 0
BMC SOFTWARE INC COM 055921100 18 456 SH SOLE 456 0 0
BAKER HUGHES INC COM 057224107 14 300 SH SOLE 300 0 0
BANK OF AMERICA CORP 060505104 2 300 SH SOLE 300 0 0
BANK NEW YORK MELLON CORP 064058100 26 1416 SH SOLE 1416 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
BARD C R INC COM 067383109 20 228 SH SOLE 228 0 0
BAXTER INTL INC COM 071813109 19 342 SH SOLE 342 0 0
BEISTLE COMPANY 072001993 1951 3015 SH SOLE 3015 0 0
BECTON DICKINSON & CO COM 075887109 19 262 SH SOLE 262 0 0
BED BATH & BEYOND 075896100 6 100 SH SOLE 100 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 52 725 SH SOLE 725 0 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 261 14200 SH SOLE 14200 0 0
BIOGEN IDEC INC COM 09062X103 5 50 SH SOLE 50 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 8 300 SH DEFINED 300 0 0
BODYTEL SCIENTIFIC INCORPORA 097000103 2 2000 SH SOLE 2000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 105 3340 SH SOLE 3340 0 0
BUFFALO WILD WINGS INC COM 119848109 30 500 SH SOLE 500 0 0
CIFC CORP COM 12547R105 2 349 SH SOLE 349 0 0
CVS CORP COM 126650100 3 100 SH SOLE 100 0 0
CACI INTL INC CL A 127190304 17 342 SH SOLE 342 0 0
CAMPBELL SOUP 134429109 3 100 SH SOLE 100 0 0
CARLISLE COS INC COM 142339100 239 7500 SH SOLE 7500 0 0
CATERPILLAR INC DEL COM 149123101 248 3364 SH SOLE 3264 100 0
CHESAPEAKE ENERGY CORP COM 165167107 1095 42860 SH SOLE 42860 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3 100 SH DEFINED 100 0 0
CHEVRON CORP NEW COM 166764100 1917 20705 SH SOLE 20705 0 0
CHEVRON CORP NEW COM 166764100 9 100 SH DEFINED 100 0 0
CHICO'S FAS INC 168615102 2 140 SH SOLE 140 0 0
CISCO SYS INC COM 17275R102 44 2840 SH SOLE 2840 0 0
CITIGROUP INC COM NEW 172967424 2 78 SH SOLE 78 0 0
CITIGROUP INC COM NEW 172967424 19 730 SH DEFINED 730 0 0
CLEAN ENERGY FUELS CORP COM 184499101 29 2580 SH SOLE 2580 0 0
CLOROX CO DEL COM 189054109 13 199 SH SOLE 199 0 0
COACH INC COM 189754104 27 512 SH SOLE 512 0 0
COCA COLA CO COM 191216100 211 3120 SH SOLE 3120 0 0
COGNEX CORP COM 192422103 3 100 SH SOLE 100 0 0
COGNIZANT TECHNOLOGY SOLUTIOCL A 192446102 1263 20140 SH SOLE 20140 0 0
COLGATE PALMOLIVE CO COM 194162103 1671 18838 SH SOLE 18738 100 0
COLGATE PALMOLIVE CO COM 194162103 18 200 SH DEFINED 200 0 0
COMCAST CORP NEW CL A 20030N101 38 1829 SH SOLE 1829 0 0
COMCAST CORP NEW CL A 20030N101 8 400 SH DEFINED 400 0 0
COMMERCIAL METALS CO COM 201723103 2 200 SH SOLE 200 0 0
CONOCOPHILLIPS COM 20825C104 57 900 SH SOLE 900 0 0
CONSTELLATION ENERGY 210371100 10 250 SH SOLE 250 0 0
CORNING INC COM 219350105 1041 84248 SH SOLE 84248 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
CROCS INC 227046109 4 150 SH SOLE 150 0 0
CUBIC CORP COM 229669106 9 228 SH SOLE 228 0 0
DST SYS INC DEL COM 233326107 10 228 SH SOLE 228 0 0
DANAHER CORP DEL COM 235851102 29 700 SH SOLE 700 0 0
DARDEN RESTAURANTS INC COM 237194105 13 310 SH SOLE 310 0 0
DELL INC COM 24702R101 42 3000 SH SOLE 3000 0 0
DENTSPLY INTL INC NEW COM 249030107 14 456 SH SOLE 456 0 0
DEVON ENERGY CORP NEW COM 25179M103 12 220 SH SOLE 220 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 695 23060 SH SOLE 23060 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
DIRECTV COM CL A 25490A101 1386 32800 SH SOLE 32800 0 0
DOLLAR TREE INC COM 256746108 38 500 SH SOLE 500 0 0
DOMINION RES INC VA NEW COM 25746U109 663 13067 SH SOLE 13067 0 0
DOMINION RES INC VA NEW COM 25746U109 5 100 SH DEFINED 100 0 0
DOW CHEM CO COM 260543103 263 11704 SH SOLE 11704 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 595 14881 SH SOLE 14881 0 0
DUKE ENERGY CORP NEW COM 26441C105 12 600 SH SOLE 600 0 0
EMC CORPORATION 268648102 585 27884 SH SOLE 27884 0 0
EQT CORP COM 26884L109 21 399 SH SOLE 399 0 0
ETFS PRECIOUS METALS BASKET PHYS PM BSKT 26922W109 18 200 SH DEFINED 200 0 0
EATON CORP COM 278058102 863 24300 SH SOLE 24300 0 0
EATON CORP COM 278058102 7 200 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 11 300 SH DEFINED 300 0 0
ELECTRONIC ARTS INC COM 285512109 2 100 SH SOLE 100 0 0
EMERSON ELEC CO COM 291011104 851 20602 SH SOLE 20602 0 0
EMERSON ELEC CO COM 291011104 4 100 SH DEFINED 100 0 0
ENCANA CORP COM 292505104 401 20900 SH SOLE 20900 0 0
ENTROPIC COMMUNICATIONS INC COM 29384R105 1 200 SH SOLE 200 0 0
EQUINIX INC COM NEW 29444U502 6 62 SH SOLE 62 0 0
EXELON CORP COM 30161N101 77 1800 SH SOLE 1800 0 0
EXXON MOBIL CORP COM 30231G102 2422 33351 SH SOLE 33351 0 0
FPL GROUP CAP TR I PFD TR 5.875% 30257V207 10 400 SH SOLE 400 0 0
FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 8 400 SH DEFINED 400 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 184 49800 SH SOLE 49800 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 630 68822 SH SOLE 68822 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 6 700 SH DEFINED 700 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 6 600 SH SOLE 600 0 0
FRANKLIN FINL SVCS CORP COM 353525108 380 24671 SH SOLE 24671 0 0
FRESENIUS MED CARE 358029106 14 209 SH SOLE 209 0 0
FRONTIER COMMUNICATIONS CORPCOM 35906A108 8 1240 SH SOLE 1240 0 0
FULTON FINL CORP PA COM 360271100 11 1500 SH SOLE 1500 0 0
GAMESTOP CORP NEW CL A 36467W109 32 1400 SH SOLE 1400 0 0
GARDNER DENVER INC COM 365558105 29 456 SH SOLE 456 0 0
GENERAL ELEC CO COM 369604103 32 2100 SH SOLE 2100 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 1003 26060 SH SOLE 26060 0 0
GENERAL MLS INC COM 370334104 8 200 SH DEFINED 200 0 0
GLACIER BANCORP INC NEW COM 37637Q105 6 683 SH SOLE 683 0 0
GLATFELTER P H CO COM 377316104 13 1000 SH SOLE 1000 0 0
GLOBAL PMTS INC COM 37940X102 14 342 SH SOLE 342 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 303 25170 SH SOLE 25170 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 3 200 SH SOLE 200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 5 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
GOOGLE INC CL A 38259P508 708 1374 SH SOLE 1374 0 0
W R GRACE & CO NEW 38388F108 7 200 SH SOLE 200 0 0
GRACO INC COM 384109104 17 487 SH SOLE 487 0 0
GUESS INC COM 401617105 16 570 SH SOLE 570 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 18 800 SH SOLE 800 0 0
HALLIBURTON CO COM 406216101 37 1200 SH SOLE 1200 0 0
HANESBRANDS INC 410345102 1 43 SH SOLE 43 0 0
HANSEN NAT CORP COM 411310105 61 700 SH SOLE 700 0 0
HAWKINS INC COM 420261109 252 7900 SH SOLE 7900 0 0
HAWKINS INC COM 420261109 3 100 SH DEFINED 100 0 0
HEALTHSPRING INC COM 42224N101 585 16050 SH SOLE 16050 0 0
HEINZ H J CO COM 423074103 5 100 SH SOLE 100 0 0
HELMERICH & PAYNE INC COM 423452101 14 350 SH SOLE 350 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 52 15000 SH SOLE 15000 0 0
HERSHEY FOODS CORP COM 427866108 24 400 SH SOLE 400 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 53 6000 SH SOLE 6000 0 0
HEWLETT PACKARD CO COM 428236103 61 2700 SH SOLE 2700 0 0
HOME DEPOT INC COM 437076102 5 150 SH SOLE 150 0 0
HONEYWELL INTL INC COM 438516106 1220 27785 SH SOLE 27785 0 0
HONEYWELL INTL INC COM 438516106 4 100 SH DEFINED 100 0 0
HORMEL FOODS CORP COM 440452100 28 1024 SH SOLE 1024 0 0
HOST HOTELS & RESORTS INC COM 44107P104 21 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 8 400 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 1334 62538 SH SOLE 62538 0 0
INTERNATIONAL BUSINESS MACHSCOM 459200101 902 5158 SH SOLE 5158 0 0
INTERNATIONAL BUSINESS MACHSCOM 459200101 35 200 SH DEFINED 200 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 6 200 SH SOLE 200 0 0
ISHARES INC MSCI AUSTRALIA 464286103 761 37950 SH SOLE 37950 0 0
ISHARES INC MSCI THAILAND 464286624 8 150 SH DEFINED 150 0 0
ISHARES INC MSCI SINGAPORE 464286673 954 86700 SH SOLE 86700 0 0
ISHARES INC MSCI SINGAPORE 464286673 2 200 SH DEFINED 200 0 0
ISHARES MSCI EMERG MKT ETF 464287234 898 25600 SH SOLE 25600 0 0
ISHARES MSCI EAFE INDEX 464287465 621 13000 SH SOLE 13000 0 0
ISHARES TR RUSSELL MIDCAP 464287499 39 447 SH SOLE 447 0 0
ISHARES RUSSELL 1000 LARGE CAP VALUE 464287598 79 1400 SH SOLE 1400 0 0
ISHARES RUSSELL 1000 LARGE CAP GROWTH 464287614 200 3800 SH SOLE 3800 0 0
ISHARES TR RUSSELL 2000 464287655 141 2200 SH SOLE 2200 0 0
ISHARES TR HIGH YLD CORP 464288513 17 200 SH DEFINED 200 0 0
ISHARES TR ZEALAND INVST 464289123 17 600 SH DEFINED 600 0 0
JPMORGAN CHASE & CO COM 46625H100 607 20151 SH SOLE 20151 0 0
JOHNSON & JOHNSON COM 478160104 1918 30112 SH SOLE 30112 0 0
JOHNSON & JOHNSON COM 478160104 19 300 SH DEFINED 300 0 0
JOHNSON CTLS INC COM 478366107 120 4562 SH SOLE 4562 0 0
JONES SODA CO COM 48023P106 0 300 SH SOLE 300 0 0
KAYDON CORP COM 486587108 28 960 SH SOLE 960 0 0
KELLOGG CO COM 487836108 17 328 SH SOLE 328 0 0
KIMBERLY CLARK CORP COM 494368103 24 342 SH SOLE 342 0 0
KIMCO REALTY CORP COM 49446R109 3 200 SH SOLE 200 0 0
KOHLS CORP COM 500255104 33 670 SH SOLE 670 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
KRAFT FOODS INC CL A 50075N104 1544 45982 SH SOLE 45982 0 0
KRAFT FOODS INC CL A 50075N104 3 100 SH DEFINED 100 0 0
LSI LOGIC CORP COM 502161102 22 4320 SH SOLE 4320 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 18 228 SH SOLE 228 0 0
LOCKHEED MARTIN CORP COM 539830109 229 3153 SH SOLE 3153 0 0
LOWES COS INC COM 548661107 28 1456 SH SOLE 1456 0 0
M & T BK CORP COM 55261F104 1107 15842 SH SOLE 15842 0 0
MWI VETERINARY SUPPLY INC COM 55402X105 420 6100 SH SOLE 6100 0 0
MAGNETEK INC COM 559424106 0 500 SH SOLE 500 0 0
MANULIFE FINL CORP 56501R106 10 904 SH SOLE 904 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 11 200 SH SOLE 200 0 0
MARKET VECTORS ETF TR EGYPT INDX ETF 57060U548 8 700 SH DEFINED 700 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 949 21950 SH SOLE 21950 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 8 300 SH DEFINED 300 0 0
MARKWEST ENERGY PARTNERS L PUNIT LTD PARTN 570759100 9 200 SH DEFINED 200 0 0
MATTHEWS INTL CORP CL A 577128101 10 325 SH SOLE 325 0 0
MCCORMICK & CO INC COM NON VTG 579780206 21 456 SH SOLE 456 0 0
MCDONALDS CORP COM 580135101 61 690 SH SOLE 690 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 3 58 SH SOLE 58 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 7 800 SH DEFINED 800 0 0
MERCK & CO INC NEW COM 58933Y105 24 737 SH SOLE 737 0 0
MERRILL LYNCH PFD CAP TR V TOPRS 7.28% 59021K205 8 400 SH SOLE 400 0 0
MICROSOFT CORP COM 594918104 1481 59506 SH SOLE 59506 0 0
MICROSOFT CORP COM 594918104 7 300 SH DEFINED 300 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 18 569 SH SOLE 569 0 0
MIDDLEBY CORP COM 596278101 525 7450 SH SOLE 7450 0 0
MONACO COACH CORP COM 60886R103 0 180 SH SOLE 180 0 0
MONEYGRAM INTL INC COM 60935Y109 35 15000 SH SOLE 15000 0 0
MONRO MUFFLER BRAKE INC COM 610236101 1252 37961 SH SOLE 37961 0 0
MORGAN STANLEY CAP TR III CAP SECS 6.25% 617460209 8 400 SH SOLE 400 0 0
MOSAIC CO NEW COM 61945C103 262 5343 SH SOLE 5343 0 0
MURPHY OIL CORP COM 626717102 18 410 SH SOLE 410 0 0
NASDAQ OMX GROUP INC COM 631103108 797 34450 SH SOLE 34450 0 0
NATIONAL PENN BANCSHARES INCCOM 637138108 7 1000 SH SOLE 1000 0 0
NEWELL RUBBERMAID INC COM 651229106 2 138 SH SOLE 138 0 0
NEXTERA ENERGY INC COM 65339F101 75 1380 SH SOLE 1380 0 0
NORDSON CORP COM 655663102 18 450 SH SOLE 450 0 0
NORFOLK SOUTHERN CORP COM 655844108 16 270 SH SOLE 270 0 0
NORTHEAST UTILS COM 664397106 3 102 SH SOLE 102 0 0
NOVELLUS SYS INC COM 670008101 2 90 SH SOLE 90 0 0
NURSECARE HEALTH CTR 670576305 0 50 SH SOLE 50 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 9 173 SH SOLE 173 0 0
O2MICRO INTERNATIONAL LTD SPONS ADR 67107W100 2 400 SH SOLE 400 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 17 239 SH SOLE 239 0 0
OFFICEMAX INC DEL COM 67622P101 1 258 SH SOLE 258 0 0
OLD DOMINION FGHT LINES INC COM 679580100 163 5625 SH SOLE 5625 0 0
ORACLE CORP COM 68389X105 109 3783 SH SOLE 3783 0 0
ORRSTOWN FINANCIAL SERVICES REINVESTED SHARES 687OFS993 190 14751 SH SOLE 14751 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4318 336020 SH SOLE 336020 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4 315 SH DEFINED 315 0 0
OTTER TAIL CORP COM 689648103 7 399 SH SOLE 399 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
OWENS & MINOR INC NEW COM 690732102 12 428 SH SOLE 428 0 0
PNC FINANCIAL SERVICES GROUPCOM 693475105 710 14731 SH SOLE 14731 0 0
PPG INDS INC COM 693506107 28 400 SH SOLE 400 0 0
P P & L RES INC COM 69351T106 413 14458 SH SOLE 14458 0 0
PATTERSON COMPANIES INC COM 703395103 16 569 SH SOLE 569 0 0
PAYCHEX INC COM 704326107 17 650 SH SOLE 650 0 0
PENN NATL GAMING INC COM 707569109 111 3325 SH SOLE 3325 0 0
PEPSICO INC COM 713448108 2271 36687 SH SOLE 36687 0 0
PEPSICO INC COM 713448108 6 100 SH DEFINED 100 0 0
PETROLEUM & RES CORP COM 716549100 34 1513 SH SOLE 1513 0 0
PFIZER INC COM 717081103 157 8889 SH SOLE 8889 0 0
PHARMACEUTICAL PROD DEV INC COM 717124101 10 399 SH SOLE 399 0 0
PHILIP MORRIS INTL INC COM 718172109 74 1194 SH SOLE 1194 0 0
PIEDMONT NAT GAS INC COM 720186105 13 456 SH SOLE 456 0 0
PINE BROOK CAPITAL INC CL A 72246F109 11 10908 SH SOLE 10908 0 0
PITNEY BOWES INC COM 724479100 263 14000 SH SOLE 14000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 10 275 SH SOLE 275 0 0
POWERSHARES QQQ TR 73935A104 2076 39550 SH SOLE 39550 0 0
POWERSHARES ETF TRUST FINL PFD PTFL 73935X229 19 1200 SH DEFINED 1200 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 268 17800 SH SOLE 17800 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 214 15550 SH SOLE 15550 0 0
PRAXAIR INC COM 74005P104 39 418 SH SOLE 418 0 0
PRICESMART INC COM 741511109 35 569 SH SOLE 569 0 0
PROCTER & GAMBLE CO COM 742718109 32 500 SH SOLE 500 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 21 450 SH SOLE 450 0 0
PRUDENTIAL FINL INC COM 744320102 793 16918 SH SOLE 16918 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 100 3000 SH SOLE 3000 0 0
PUBLIC STORAGE PFD 1/1000 C 74460D448 10 400 SH SOLE 400 0 0
QUALCOMM INC COM 747525103 683 14043 SH SOLE 14043 0 0
QUALCOMM INC COM 747525103 10 200 SH DEFINED 200 0 0
QUALITY SYS INC COM 747582104 33 342 SH SOLE 342 0 0
RAVEN INDS INC COM 754212108 1089 22584 SH SOLE 22584 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 18 712 SH SOLE 712 0 0
RAYONIER INC COM 754907103 15 397 SH SOLE 397 0 0
RESEARCH IN MOTION LTD COM 760975102 51 2500 SH SOLE 2500 0 0
REYNOLDS AMERICAN INC COM 761713106 4 120 SH SOLE 120 0 0
RITE AID CORP COM 767754104 14 14100 SH SOLE 14100 0 0
ROCKWELL AUTOMATION INC COM 773903109 28 502 SH SOLE 502 0 0
ROCKWELL COLLINS INC COM 774341101 24 458 SH SOLE 458 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 12 186 SH SOLE 186 0 0
SPDR S & P 500 INDEX ETF 78462F103 1398 12359 SH SOLE 12359 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 518 3275 SH SOLE 3275 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6 40 SH DEFINED 40 0 0
SPDR S&P OIL & GAS EQUIPMENT& SVCS ETF 78464A748 900 31750 SH SOLE 31750 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 879 18100 SH SOLE 18100 0 0
SPDR DOW JONES INDL AVRG ETFUT SER 1 78467X109 3183 29225 SH SOLE 29225 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 796 5600 SH SOLE 5600 0 0
SCHEIN HENRY INC COM 806407102 21 342 SH SOLE 342 0 0
SCHLUMBERGER LTD COM 806857108 12 200 SH SOLE 200 0 0
SEALED AIR CORP NEW COM 81211K100 4 214 SH SOLE 214 0 0
SELECT SECTOR SPDR TR SBI INT-TECH 81369Y803 12 500 SH SOLE 500 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
SENSIENT TECHNOLOGIES CORP COM 81725T100 19 569 SH SOLE 569 0 0
SHERWIN WILLIAMS CO COM 824348106 15 200 SH SOLE 200 0 0
SIGMA ALDRICH CORP COM 826552101 36 590 SH SOLE 590 0 0
SIRIUS XM RADIO INC COM 82967N108 2 1000 SH SOLE 1000 0 0
SKINNY NUTRITIONAL CORP COM 830695102 1 20000 SH SOLE 20000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 4 200 SH SOLE 200 0 0
SMUCKER J M CO COM NEW 832696405 14 194 SH SOLE 194 0 0
SOCIEDAD QUIMICA MINERA DE CSPON ADR SER B 833635105 992 20750 SH SOLE 20750 0 0
SOUTHERN CO COM 842587107 1085 25613 SH SOLE 25613 0 0
SOUTHERN CO COM 842587107 8 200 SH DEFINED 200 0 0
SOUTHERN COPPER CORP COM 84265V105 11 456 SH SOLE 456 0 0
SPECTRA ENERGY CORP COM 847560109 1 50 SH SOLE 50 0 0
SPICY PICKLE FRANCHISING COM 84844T100 0 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 8 2750 SH SOLE 2750 0 0
STAMPS COM INC COM NEW 852857200 2 100 SH SOLE 100 0 0
STANDEX INTL CORP COM 854231107 36 1170 SH SOLE 1170 0 0
STATE STR CORP COM 857477103 1 34 SH SOLE 34 0 0
STERIS CORP COM 859152100 23 800 SH SOLE 800 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 97 2100 SH SOLE 2100 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 48 2000 SH SOLE 2000 0 0
SUNOCO INC 86764P109 6 200 SH SOLE 200 0 0
SUSQUEHANNA BANCSHARES INC PCOM 869099101 10 1892 SH SOLE 1892 0 0
SYNTEL INC COM 87162H103 22 500 SH SOLE 500 0 0
SYSCO CORP 871829107 13 512 SH SOLE 512 0 0
TJX COS INC NEW COM 872540109 1026 18500 SH SOLE 18500 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 16 228 SH SOLE 228 0 0
THERMO FISHER SCIENTIFIC INCCOM 883556102 17 342 SH SOLE 342 0 0
3M CO COM 88579Y101 756 10528 SH SOLE 10528 0 0
TIDEWATER INC COM 886423102 15 353 SH SOLE 353 0 0
TIFFANY & CO NEW COM 886547108 21 342 SH SOLE 342 0 0
TIM HORTONS INC COM 88706M103 21 456 SH SOLE 456 0 0
TORM A/S SPONSORED ADR 891072100 0 300 SH DEFINED 300 0 0
TOWER BANCORP INC COM 891709107 444 21199 SH SOLE 21199 0 0
TRAVELERS COS INC 89417E109 93 1900 SH SOLE 1900 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
UNITED NAT FOODS INC COM 911163103 17 456 SH SOLE 456 0 0
UNITED PARCEL SERVICE 911312106 11 171 SH SOLE 171 0 0
UNITED TECHNOLOGIES CORP COM 913017109 56 800 SH SOLE 800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 606 13140 SH SOLE 13140 0 0
VALE S A ADR 91912E105 679 29800 SH SOLE 29800 0 0
VALERO ENERGY CORP NEW COM 91913Y100 889 50050 SH SOLE 50050 0 0
VALERO ENERGY CORP NEW COM 91913Y100 2 100 SH DEFINED 100 0 0
VALUECLICK INC COM 92046N102 24 1511 SH SOLE 1511 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 21 233 SH SOLE 233 0 0
VANGUARD TOTAL BOND MARKET ETF 921937835 582 6950 SH SOLE 6950 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 964 17000 SH SOLE 17000 0 0
VANGUARD SM CAP VAL VIPER 922908611 645 11600 SH SOLE 11600 0 0
VERIFONE HLDGS INC COM 92342Y109 662 18900 SH SOLE 18900 0 0
VERIZON COMMUNICATIONS 92343V104 934 25381 SH SOLE 25381 0 0
VERIZON COMMUNICATIONS 92343V104 18 500 SH DEFINED 500 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
VIAD CORP COM NEW 92552R406 0 25 SH SOLE 25 0 0
VISA INC COM CL A 92826C839 994 11600 SH SOLE 11600 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 949 36998 SH SOLE 36998 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 28 1100 SH DEFINED 1100 0 0
WAL MART STORES INC COM 931142103 58 1120 SH SOLE 1120 0 0
WALGREEN CO COM 931422109 27 807 SH SOLE 807 0 0
WEBSTER FINL CORP CONN COM 947890109 2 142 SH SOLE 142 0 0
WENDYS CO COM 95058W100 171 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 17 512 SH SOLE 512 0 0
WORLD FUEL SVCS CORP COM 981475106 20 626 SH SOLE 626 0 0
XCL LTD DEL COM 983701103 0 66 SH SOLE 66 0 0
XCEL ENERGY INC COM 98389B100 35 1400 SH SOLE 1400 0 0
XILINX INC COM 983919101 611 22269 SH SOLE 22269 0 0
XILINX INC COM 983919101 3 100 SH DEFINED 100 0 0
YRC WORLDWIDE INC COM NEW 984249300 2 50160 SH SOLE 50160 0 0
YUM BRANDS INC COM 988498101 501 10150 SH SOLE 10150 0 0
ZIMMER HLDGS INC COM 98956P102 6 120 SH SOLE 120 0 0
ZIONS BANCORP 989701107 1 100 SH SOLE 100 0 0
ZIONS CAP TR B CAP SECS % 989703202 8 300 SH SOLE 300 0 0
GRAND TOTALS 87329 2796632 2796432 200 0