UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM I3F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/2008
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 10/30/08
-------------------------- ---------------- ----------
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: 454
Form 13F Information Table Value Total: 100,012
(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
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 1
Below is a list of the equity securities that you have flagged on your Charlotte
files as "13 F Securities" with a "13 F Investment Discretion" of SOLE or
SHARED. Securities are listed by Security Type and in CUSIP number order within
each Security Type. Security positions with an Investment Discretion of NONE,
and Security Types 01-06, 12, 15, 16, 18-22, 25-27 and 34-37 are not included in
this report.
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
AGWAY INC AG1987993 0 1 SH SOLE 1 0 0
CV CO-OP ASSOCIATION CVC675997 0 18 SH SOLE 18 0 0
CHINA YUCHAI INTERNATIONAL LTD G21082105 3 400 SH SOLE 400 0 0
COVIDIEN LTD COM G2552X108 35 647 SH SOLE 647 0 0
ASA LIMITED COM G3156P103 4 63 SH SOLE 63 0 0
GARMIN LTD ORD G37260109 180 5300 SH SOLE 5300 0 0
INGERSOLL-RAND COMPANY LTD CL A G4776G101 595 19100 SH SOLE 19100 0 0
MARVELL TECHNOLOGY GROUP LTDORD G5876H105 181 19500 SH SOLE 19500 0 0
MARVELL TECHNOLOGY GROUP LTDORD G5876H105 2 200 SH DEFINED 200 0 0
NOBLE CORPORATION SHS G65422100 961 21900 SH SOLE 21900 0 0
PRUDENTIAL PLC PER SUB 6.50% G7293H189 8 700 SH SOLE 700 0 0
TRANSOCEAN INC NEW SHS G90073100 477 4343 SH SOLE 4343 0 0
TYCO INTERNATIONAL LTD G9143X208 23 647 SH SOLE 647 0 0
TYCO ELECTRONICS LTD COM NEW G9144P105 32 1147 SH SOLE 1147 0 0
WEATHERFORD INTERNATIONAL LT COM G95089101 1 32 SH SOLE 32 0 0
AEGON NV PFD PER 6.875% N00927306 2 200 SH SOLE 200 0 0
ASML HOLDING N V NY REG SHS N07059186 6 355 SH SOLE 355 0 0
DHT MARITIME INC COM Y2065G105 5 700 SH DEFINED 700 0 0
GENERAL MARITIME CORP SHS Y2692M103 4 200 SH DEFINED 200 0 0
ABB LTD SPONSORED ADR 000375204 1 45 SH SOLE 45 0 0
ACNB CORP COM 000868109 40 2789 SH SOLE 2789 0 0
A D C TELECOMMUNICATIONS COM NEW 000886309 3 400 SH SOLE 400 0 0
AFLAC INC COM 001055102 9 150 SH SOLE 150 0 0
AT&T INC COM 00206R102 420 15037 SH SOLE 15037 0 0
AT&T INC COM 00206R102 75 2700 SH DEFINED 2700 0 0
A S DAMPSKIBSSELSKABET TORM SPONSORED
ADR 00208W109 7 300 SH DEFINED 300 0 0
ABBOTT LABS COM 002824100 668 11604 SH SOLE 11604 0 0
ACTIVISION BLIZZARD INC COM 00507V109 204 13200 SH SOLE 13200 0 0
ADAMS EXPRESS CO COM 006212104 60 5576 SH SOLE 5576 0 0
AECOM TECHNOLOGY CORP 00766T100 32 1300 SH SOLE 1300 0 0
AEROPOSTALE, INC 007865108 347 10800 SH SOLE 10800 0 0
AETNA INC NEW COM 00817Y108 25 680 SH SOLE 680 0 0
AETNA INC NEW COM 00817Y108 11 300 SH DEFINED 300 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 0 92 SH SOLE 92 0 0
ALLEGHENY ENERGY INC COM 017361106 4 100 SH SOLE 100 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 155 5250 SH SOLE 5250 0 0
ALLIED IRISH BKS P L C SPON ADR ORD 019228402 6219 378507 SH SOLE 378507 0 0
ALLSTATE CORP COM 020002101 255 5540 SH SOLE 5540 0 0
ALTRIA GROUP INC COM 02209S103 274 13809 SH SOLE 13809 0 0
ALTRIA GROUP INC COM 02209S103 2 100 SH DEFINED 100 0 0
AMERICAN CAP LTD COM 02503Y103 26 1000 SH SOLE 1000 0 0
AMERICAN ELECTRIC CO 025537101 7 200 SH SOLE 200 0 0
AMERICAN EXPRESS CO COM 025816109 7 200 SH SOLE 200 0 0
AMERICAN VANGUARD CORP COM 030371108 1767 117200 SH SOLE 117000 200 0
AMERICAN VANGUARD CORP COM 030371108 9 600 SH DEFINED 600 0 0
AMERIPRISE FINL INC COM 03076C106 0 11 SH SOLE 11 0 0
ANALOG DEVICES INC COM 032654105 8 316 SH SOLE 316 0 0
----- ------ ------ --- ---
TOTAL FOR PAGE 1 13154 663259 663059 200 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 2
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
ANHEUSER BUSCH COS INC COM 035229103 13 200 SH SOLE 200 0 0
APACHE CORP COM 037411105 318 3050 SH SOLE 3050 0 0
APPLE INC COM 037833100 91 800 SH SOLE 800 0 0
APPLIED DEVELOPMENT HLDGS LT ADR 038173100 1 2000 SH SOLE 2000 0 0
APPLIED MATLS INC COM 038222105 5 300 SH SOLE 300 0 0
AQUA AMERICA INC COM 03836W103 41 2333 SH SOLE 2333 0 0
ASHLAND INC NEW 044209104 19 660 SH SOLE 660 0 0
ATMOS ENERGY CORP COM 049560105 208 7800 SH SOLE 7800 0 0
AVANIR PHARMACEUTICALS CL A NEW 05348P401 0 75 SH SOLE 75 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 1 530 SH SOLE 530 0 0
BAC CAP 7% 8/15/32 05518E202 15 800 SH SOLE 800 0 0
BK AM 7% 2/1/32 055188205 45 2300 SH SOLE 2300 0 0
BP AMOCO P L C SPONSORED ADR 055622104 188 3749 SH SOLE 3749 0 0
BRE PPTYS INC 05564E106 20 398 SH SOLE 398 0 0
BRE PROPERTIES INC PFD C 6.75% 05564E502 13 700 SH SOLE 700 0 0
BANCO BILBAO VIZCAYA ARGENTASPONSORED
ADR 05946K101 11 700 SH SOLE 700 0 0
BANK OF AMERICA CORP 060505104 248 7075 SH SOLE 7075 0 0
BANK OF AMERICA CORP 060505104 14 400 SH DEFINED 400 0 0
BANK NEW YORK MELLON CORP 064058100 147 4516 SH SOLE 4516 0 0
BEISTLE COMPANY 072001993 1790 4097 SH SOLE 4097 0 0
BED BATH & BEYOND 075896100 10 325 SH SOLE 325 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 44 10 SH SOLE 10 0 0
BEST BUY INC COM 086516101 30 800 SH SOLE 800 0 0
BIOGEN IDEC INC COM 09062X103 8 165 SH SOLE 165 0 0
BIOSHAFT WTR TECHNOLOGY INC COM 09070W105 4 5000 SH SOLE 5000 0 0
BLACK & DECKER CORP COM 091797100 1 15 SH SOLE 15 0 0
BLOCK H & R INC COM 093671105 2 90 SH SOLE 90 0 0
BODYTEL SCIENTIFIC INCORPORA 097000103 0 2000 SH SOLE 2000 0 0
BOEING CO COM 097023105 46 800 SH SOLE 800 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 60 2900 SH SOLE 2900 0 0
BUFFALO WILD WINGS INC COM 119848109 93 2300 SH SOLE 2300 0 0
BURGER KING CORP 121208201 17 700 SH SOLE 700 0 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 9 100 SH SOLE 100 0 0
CBS CORP NEW CL B 124857202 1 102 SH SOLE 102 0 0
CCFNB BANCORP INC COM 124880105 24 1103 SH SOLE 1103 0 0
CME GROUP INC COM 12572Q105 98 263 SH SOLE 263 0 0
CABOT OIL & GAS CORPORATION 127097103 7 200 SH SOLE 200 0 0
CAMPBELL SOUP 134429109 15 400 SH SOLE 400 0 0
CARLISLE COS INC COM 142339100 171 5700 SH SOLE 5700 0 0
CARNIVAL CORP 143658300 2 45 SH SOLE 45 0 0
CATERPILLAR INC DEL COM 149123101 860 14428 SH SOLE 14428 0 0
CEDAR FAIR LP 150185106 12 600 SH SOLE 600 0 0
CELGENE CORP COM 151020104 57 900 SH SOLE 900 0 0
CHATTEM INC COM 162456107 172 2200 SH SOLE 2200 0 0
CHESAPEAKE ENERGY CORP COM 165167107 11 300 SH SOLE 300 0 0
CHEVRON CORP NEW COM 166764100 96 1165 SH SOLE 1165 0 0
CHICO'S FAS INC 168615102 1 140 SH SOLE 140 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 1 22 SH SOLE 22 0 0
CISCO SYS INC COM 17275R102 304 13466 SH SOLE 13466 0 0
CITIZENS & NORTHN CORP COM 172922106 26 1184 SH SOLE 1184 0 0
CITIGROUP INC COM 172967101 163 7927 SH SOLE 7927 0 0
CITIGROUP INC COM 172967101 4 200 SH DEFINED 200 0 0
---- ------ ------ --- ---
TOTAL FOR PAGE 2 5537 108033 108033 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 3
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
CITIGROUP CAPITAL VII TRUPS 7.125% 17306N203 16 1000 SH SOLE 1000 0 0
CITIGROUP CAP IX PFD TR 6.00% 173066200 114 8200 SH SOLE 8200 0 0
CITIZENS FINL SVCS INC COM 174615104 9 405 SH SOLE 405 0 0
COACH INC COM 189754104 90 3600 SH SOLE 3600 0 0
COCA COLA CO COM 191216100 1207 22818 SH SOLE 22818 0 0
CODORUS VY BANCORP INC COM 192025104 6 500 SH SOLE 500 0 0
COLGATE PALMOLIVE CO COM 194162103 1491 19788 SH SOLE 19788 0 0
COLGATE PALMOLIVE CO COM 194162103 8 100 SH DEFINED 100 0 0
COMCAST CORP NEW CL A 20030N101 5 246 SH SOLE 246 0 0
COMCAST CORP NEW CL A 20030N101 26 1300 SH DEFINED 1300 0 0
COMPANHIA VALE INC 204412209 597 31200 SH SOLE 31200 0 0
CONAGRA INC COM 205887102 8 400 SH SOLE 400 0 0
CONOCOPHILLIPS COM 20825C104 117 1597 SH SOLE 1597 0 0
CONSOLIDATED EDISON INC COM 209115104 73 1700 SH SOLE 1700 0 0
CORNING INC COM 219350105 231 14800 SH SOLE 14800 0 0
CORPORATE BACKED TR CTFS 03-17SPRINT A1 21988K404 9 700 SH SOLE 700 0 0
GOLDMANSACHS 6.3% 2/15/2034 21988K834 15 1000 SH SOLE 1000 0 0
CORPORATE BACKED TR CTFS 04-4 CL A-1 6% 21988K875 15 1000 SH SOLE 1000 0 0
CORTS TR GEN ELEC CAP CORP NCORTS A 6% 32 22082X201 6 275 SH SOLE 275 0 0
COSTCO WHOLESALE CORP 22160K105 188 2900 SH SOLE 2900 0 0
COUNTRYWIDE CAP IV PFD TR 6.75% 22238E206 3 300 SH SOLE 300 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 2 40 SH SOLE 40 0 0
CROCS INC 227046109 1 300 SH SOLE 300 0 0
DNP SELECT INCOME FD COM 23325P104 68 6621 SH SOLE 6621 0 0
DTE ENERGY CO COM 233331107 20 500 SH SOLE 500 0 0
DANAHER CORP DEL COM 235851102 42 600 SH SOLE 600 0 0
DARDEN RESTAURANTS INC COM 237194105 324 11318 SH SOLE 11318 0 0
DARDEN RESTAURANTS INC COM 237194105 6 200 SH DEFINED 200 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 5 800 SH SOLE 800 0 0
DELL INC COM 24702R101 66 4000 SH SOLE 4000 0 0
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 1 52 SH SOLE 52 0 0
DIAMONDS TRUST DOW JONES INDETF 252787106 3671 33875 SH SOLE 33875 0 0
DICKS SPORTING GOODS INC COM 253393102 759 38800 SH SOLE 38700 100 0
DIRECTV GROUP INC COM 25459L106 9 338 SH SOLE 338 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 1342 43740 SH SOLE 43740 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 6 200 SH DEFINED 200 0 0
DISCOVER FINANCIAL SERVICES 254709108 6 450 SH SOLE 450 0 0
DOMINION RES INC VA NEW COM 25746U109 94 2200 SH SOLE 2200 0 0
DOW CHEM CO COM 260543103 45 1428 SH SOLE 1428 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 103 2557 SH SOLE 2557 0 0
DUKE ENERGY CORP NEW COM 26441C105 944 54150 SH SOLE 54150 0 0
DUKE ENERGY CORP NEW COM 26441C105 5 300 SH DEFINED 300 0 0
DUKE REALTY CORP PFD 1/10 L 6.6 264411745 8 500 SH SOLE 500 0 0
EMC CORPORATION 268648102 764 63890 SH SOLE 63890 0 0
ENB FINANCIAL CORP PA COM PAR $1 26874L101 13 500 SH SOLE 500 0 0
EASTMAN KODAK CO COM 277461109 6 385 SH SOLE 385 0 0
EATON CORP COM 278058102 140 2500 SH SOLE 2500 0 0
E-BAY INC 278642103 4 200 SH SOLE 200 0 0
ELECTRONIC ARTS INC COM 285512109 4 100 SH SOLE 100 0 0
ELMIRA SVGS BK FSB N Y COM 289660102 1 106 SH SOLE 106 0 0
EMBARQ CORP COM 29078E105 2 49 SH SOLE 49 0 0
----- ------ ------ --- ---
TOTAL FOR PAGE 3 12695 384528 384428 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 4
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
EMCLAIRE FINL CORP COM 290828102 23 1000 SH SOLE 1000 0 0
EMERSON ELEC CO COM 291011104 453 11100 SH SOLE 11100 0 0
ENCANA CORP COM 292505104 769 11700 SH SOLE 11700 0 0
ENDOVASC INC 29267B201 0 300 SH SOLE 300 0 0
ENTERGY CORP NEW COM 29364G103 165 1855 SH SOLE 1855 0 0
ENVIRORESOLUTIONS INC COM NEW 29413C202 3 5000 SH SOLE 5000 0 0
EQUINIX INC COM NEW 29444U502 4 62 SH SOLE 62 0 0
ERICSSON L M TEL CO ADR B SEK 10 294821608 1 90 SH SOLE 90 0 0
EXELON CORP COM 30161N101 157 2509 SH SOLE 2509 0 0
EXPEDITORS INTL WASH INC COM 302130109 10 284 SH SOLE 284 0 0
EXXON MOBIL CORP COM 30231G102 1158 14914 SH SOLE 14914 0 0
EXXON MOBIL CORP COM 30231G102 8 100 SH DEFINED 100 0 0
FAO INC 30240S600 0 133 SH SOLE 133 0 0
FNB CORP PA COM 302520101 6 388 SH SOLE 388 0 0
FPL GROUP INC COM 302571104 95 1890 SH SOLE 1890 0 0
FARMERS & MERCHANTS 30810N106 25 1000 SH SOLE 1000 0 0
FEDEX CORP COM 31428X106 5 65 SH SOLE 65 0 0
FINISH LINE INC CL A 317923100 0 1 SH SOLE 1 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 1296 96212 SH SOLE 96212 0 0
FIRSTENERGY CORP COM 337932107 6 89 SH SOLE 89 0 0
FLUOR CORP NEW COM 343412102 1 14 SH SOLE 14 0 0
FLOWSERVE CORP COM 34354P105 27 300 SH SOLE 300 0 0
FOMENTO ECONOMICO MEXICANO SSPON ADR
UNITS 344419106 1 26 SH SOLE 26 0 0
FONAR CORP 344437405 0 80 SH SOLE 80 0 0
FORD MOTOR COMPANY COM NEW 345370860 5 1000 SH SOLE 1000 0 0
FORTUNE BRANDS INC COM 349631101 29 500 SH SOLE 500 0 0
FRANKLIN FINL SVCS CORP COM 353525108 1343 63201 SH SOLE 63201 0 0
FRESENIUS MED CARE 358029106 11 209 SH SOLE 209 0 0
FRONTIER COMMUNICATIONS CORPCOM 35906A108 29 2500 SH SOLE 2500 0 0
FULTON FINL CORP PA COM 360271100 47 4313 SH SOLE 4313 0 0
GABELLI GLOBAL MULTIMEDIA TRCOM 36239Q109 0 51 SH SOLE 51 0 0
GENENTECH INC COM NEW 368710406 25 280 SH SOLE 280 0 0
GENERAL ELEC CO COM 369604103 1239 48589 SH SOLE 48589 0 0
GENERAL ELEC CO COM 369604103 18 700 SH DEFINED 700 0 0
GENERAL ELEC CAP CORP PINES 4.50% 35 369622485 15 800 SH SOLE 800 0 0
GENERAL ELEC CAP CORP NT 5.875%2033 369622493 56 2800 SH SOLE 2800 0 0
GENERAL MTRS CORP COM 370442105 8 800 SH SOLE 800 0 0
GENESCO INC COM 371532102 0 5 SH SOLE 5 0 0
GILEAD SCIENCES INC COM 375558103 16 350 SH SOLE 350 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 6 50 SH SOLE 50 0 0
GOOGLE INC CL A 38259P508 941 2330 SH SOLE 2330 0 0
W R GRACE & CO NEW 38388F108 3 200 SH SOLE 200 0 0
HRPT PPTYS TR COM SH BEN INT 40426W101 7 1000 SH SOLE 1000 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 14 800 SH SOLE 800 0 0
HSN INC COM 404303109 1 100 SH SOLE 100 0 0
HANESBRANDS INC 410345102 1 43 SH SOLE 43 0 0
HANOVER INS GROUP 410867105 7 147 SH SOLE 147 0 0
HANSEN NAT CORP COM 411310105 296 9800 SH SOLE 9800 0 0
HARLEY DAVIDSON INC COM 412822108 25 665 SH SOLE 665 0 0
HARLEYSVILLE NATIONAL CORPORATION 412850109 34 1984 SH SOLE 1984 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 3 259 SH SOLE 259 0 0
---- ------ ------ --- ---
TOTAL FOR PAGE 4 8392 292588 292588 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 5
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
HARSCO CORP COM 415864107 175 4700 SH SOLE 4700 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 16 400 SH SOLE 400 0 0
HARVEST COMM BK 41752W103 18 1500 SH SOLE 1500 0 0
HEICO CORPORATION 422806109 23 700 SH SOLE 700 0 0
HEINZ H J CO COM 423074103 30 600 SH SOLE 600 0 0
HEINZ H J CO COM 423074103 5 100 SH DEFINED 100 0 0
HELMERICH & PAYNE INC COM 423452101 4 100 SH SOLE 100 0 0
HERSHEY FOODS CORP COM 427866108 580 14670 SH SOLE 14670 0 0
HEWLETT PACKARD CO COM 428236103 1655 35800 SH SOLE 35800 0 0
HOME DEPOT INC COM 437076102 9 340 SH SOLE 340 0 0
HONDA MOTOR CO LTD 438128308 3 100 SH SOLE 100 0 0
HONEYWELL INTL INC COM 438516106 992 23878 SH SOLE 23878 0 0
HUNTINGTON BANCSHARES INC COM 446150104 9 1098 SH SOLE 1098 0 0
IAC INTERACTIVE NEW 44919P508 4 250 SH SOLE 250 0 0
ING PRIME RATE TR 44977W106 4 1000 SH SOLE 1000 0 0
ITT INDS INC IND COM 450911102 16 282 SH SOLE 282 0 0
IDEARC INC COM 451663108 0 14 SH SOLE 14 0 0
IMATION CORP COM 45245A107 0 20 SH SOLE 20 0 0
ING GROEP N V SPONSORED ADR 456837103 517 24150 SH SOLE 24150 0 0
ING GROEP N V 8.5% PER HYB CAP 456837806 109 6000 SH SOLE 6000 0 0
INTEL CORP COM 458140100 242 12951 SH SOLE 12951 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 633 5414 SH SOLE 5414 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 12 100 SH DEFINED 100 0 0
INTL PAPER CO COM 460146103 5 181 SH SOLE 181 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1 100 SH SOLE 100 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 0 1 SH SOLE 1 0 0
ISHARES MSCI EMERGING MKT ETF 464287234 485 14200 SH SOLE 14200 0 0
ISHARES MSCI EAFE INDEX 464287465 840 14920 SH SOLE 14920 0 0
ISHARES RUSSELL 1000 LARGE CAP VALUE 464287598 153 2400 SH SOLE 2400 0 0
ISHARES RUSSELL 1000 LARGE CAP GROWTH 464287614 595 12250 SH SOLE 12250 0 0
ISHARES TR RUSSELL 2000 464287655 122 1800 SH SOLE 1800 0 0
ISHARES SP EUR 350 TR FUNDS 464287861 717 18000 SH SOLE 17800 200 0
JP MORGAN CHASE CAP X PFD TR SECS 7% 46623D200 9 400 SH SOLE 400 0 0
JPMORGAN CHASE & CO COM 46625H100 403 8640 SH SOLE 8640 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1298 23900 SH SOLE 23900 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 11 200 SH DEFINED 200 0 0
JOHNSON & JOHNSON COM 478160104 2351 33939 SH SOLE 33939 0 0
JOHNSON & JOHNSON COM 478160104 21 300 SH DEFINED 300 0 0
JOHNSON CTLS INC COM 478366107 123 4050 SH SOLE 4050 0 0
JONES SODA CO COM 48023P106 104 73550 SH SOLE 73550 0 0
JONES SODA CO COM 48023P106 2 1300 SH DEFINED 1300 0 0
KIMBERLY CLARK CORP COM 494368103 272 4200 SH SOLE 4200 0 0
KIMBERLY CLARK CORP COM 494368103 6 100 SH DEFINED 100 0 0
KIMCO REALTY CORP COM 49446R109 2 50 SH SOLE 50 0 0
KONINKLIJKE AHOLD N V SPON ADR 2007 500467402 1 80 SH SOLE 80 0 0
KRAFT FOODS INC CL A 50075N104 237 7243 SH SOLE 7243 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 472 4800 SH SOLE 4800 0 0
LAUDER ESTEE COS INC CL A 518439104 1 24 SH SOLE 24 0 0
LEHMAN BROS HLDGS CAP TR VI PFD N
6.24% 54 52520X208 0 200 SH SOLE 200 0 0
LILLY ELI & CO COM 532457108 285 6479 SH SOLE 6479 0 0
LINCOLN NATL CORP IND COM 534187109 1 30 SH SOLE 30 0 0
----- ------ ------ --- ---
TOTAL FOR PAGE 5 13573 367504 367304 200 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 6
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
LINEAR TECHNOLOGY CORP COM 535678106 2 65 SH SOLE 65 0 0
LIONS GATE ENTERTAINMENT COR 535919203 25 2800 SH SOLE 2800 0 0
LOCKHEED MARTIN CORP COM 539830109 370 3375 SH SOLE 3375 0 0
LOEWS CORP COM 540424108 452 11450 SH SOLE 11450 0 0
LORILLARD INC COM 544147101 2 25 SH SOLE 25 0 0
LOUISIANA PAC CORP COM 546347105 4 400 SH SOLE 400 0 0
LOWES COS INC COM 548661107 240 10117 SH SOLE 10117 0 0
M & T BK CORP COM 55261F104 1160 12998 SH SOLE 12998 0 0
M & T BK CORP COM 55261F104 89 1000 SH DEFINED 1000 0 0
MDU RES GROUP INC COM 552690109 49 1675 SH SOLE 1675 0 0
MAGELLAN HEALTH SVCS INC *W EXP 01/05/2011 559079140 0 8 SH SOLE 8 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 0 8 SH SOLE 8 0 0
MAGNETEK INC COM 559424106 2 500 SH SOLE 500 0 0
MANULIFE FINL CORP 56501R106 33 904 SH SOLE 904 0 0
MARATHON OIL CORP COM 565849106 12 312 SH SOLE 312 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 167 4550 SH SOLE 4550 0 0
MASCO CORP COM 574599106 2 100 SH SOLE 100 0 0
MASTERCARD INCORPORATED 57636Q104 674 3800 SH SOLE 3800 0 0
MCDERMOTT INTL INC COM 580037109 0 18 SH SOLE 18 0 0
MCDONALDS CORP COM 580135101 115 1865 SH SOLE 1865 0 0
MCGRAW HILL COS INC COM 580645109 5 159 SH SOLE 159 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 37 824 SH SOLE 824 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 9 800 SH DEFINED 800 0 0
MEDTRONIC INC COM 585055106 1 19 SH SOLE 19 0 0
MERCK & CO INC COM 589331107 10 309 SH SOLE 309 0 0
MERRILL LYNCH PFD CAP TR IIITOPRS 7% 59021F206 6 400 SH SOLE 400 0 0
MICROSOFT CORP COM 594918104 680 25478 SH SOLE 25478 0 0
MICROSOFT CORP COM 594918104 3 100 SH DEFINED 100 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 0 15 SH SOLE 15 0 0
MIDCAP SPDR S & P 400 ETF 595635103 861 6530 SH SOLE 6530 0 0
MIDDLEBY CORP COM 596278101 1348 24823 SH SOLE 24823 0 0
MIDDLESEX WATER CO COM 596680108 5 313 SH SOLE 313 0 0
MONACO COACH CORP COM 60886R103 0 180 SH SOLE 180 0 0
MONEYGRAM INTL INC COM 60935Y109 0 200 SH SOLE 200 0 0
MONSANTO CO NEW COM 61166W101 30 302 SH SOLE 302 0 0
MOTOROLA INC COM 620076109 13 1815 SH SOLE 1815 0 0
NCR CORP NEW COM 62886E108 1 30 SH SOLE 30 0 0
NTT DOCOMO INC SPONS ADR 62942M201 2 150 SH SOLE 150 0 0
NVF COMPANY 629449109 0 135 SH SOLE 135 0 0
NYSE EURONEXT COM 629491101 1109 28300 SH SOLE 28300 0 0
NATIONAL-OILWELL INC 637071101 0 9 SH SOLE 9 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 14 600 SH SOLE 600 0 0
NATIONWIDE FINL SVCS INC CL A 638612101 8 154 SH SOLE 154 0 0
NESTLE S A SPONSORED ADR 641069406 2 50 SH SOLE 50 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 2 140 SH SOLE 140 0 0
NEW YORK TIMES CO CL A 650111107 1 90 SH SOLE 90 0 0
NEWS CORP CL A 65248E104 1 77 SH SOLE 77 0 0
NOKIA CORP SPONSORED ADR 654902204 6 300 SH SOLE 300 0 0
NORFOLK SOUTHERN CORP COM 655844108 18 270 SH SOLE 270 0 0
NORTHEAST UTILS COM 664397106 3 102 SH SOLE 102 0 0
NORTHROP GRUMMAN CORP COM 666807102 13 214 SH SOLE 214 0 0
---- ------ ------ --- ---
TOTAL FOR PAGE 6 7586 148858 148858 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 7
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
NOVASTAR FINL INC COM NEW 669947889 0 25 SH SOLE 25 0 0
NOVELL INC COM 670006105 2 450 SH SOLE 450 0 0
NOVELLUS SYS INC COM 670008101 2 90 SH SOLE 90 0 0
NOVO-NORDISK A S ADR 670100205 1 16 SH SOLE 16 0 0
NSTAR COM 67019E107 2 62 SH SOLE 62 0 0
NUVEEN PFD & CONV INCOME FD COM SHS 67073D102 27 2223 SH SOLE 2223 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1 20 SH SOLE 20 0 0
OCEANEERING INTERNATIONAL IN 675232102 1151 21600 SH SOLE 21600 0 0
OLD LINE BANCSHARES 67984M100 19 2500 SH SOLE 2500 0 0
ORRSTOWN FINANCIAL SERVICES REINVESTED
SHARES 687OFS993 655 21462 SH SOLE 21462 0 0
ORRSTOWN FINL SVCS INC COM 687380105 10501 344299 SH SOLE 344299 0 0
ORRSTOWN FINL SVCS INC COM 687380105 5 165 SH DEFINED 165 0 0
OSKOSH TRUCK CORP 688239201 3 200 SH SOLE 200 0 0
OTTER TAIL CORP COM 689648103 15 500 SH SOLE 500 0 0
P & F INDS INC CL A NEW 692830508 8 3500 SH SOLE 3500 0 0
PG&E CORP COM 69331C108 2 50 SH SOLE 50 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 652 8731 SH SOLE 8731 0 0
PPG INDS INC COM 693506107 55 950 SH SOLE 950 0 0
P P & L RES INC COM 69351T106 217 5858 SH SOLE 5858 0 0
PS BUSINESS PKS INC CALIF PFD DP1/1000 H 69360J875 9 500 SH SOLE 500 0 0
PARAGON SHIPPING INC CL A 69913R309 2 200 SH SOLE 200 0 0
PARKER HANNIFIN CORP COM 701094104 1346 25400 SH SOLE 25400 0 0
PATRIOT COAL CORP COM 70336T104 0 2 SH SOLE 2 0 0
PEABODY ENERGY CORP COM 704549104 1 19 SH SOLE 19 0 0
PENN NATL GAMING INC COM 707569109 163 6125 SH SOLE 6125 0 0
PENN VA RESOURCES PARTNERS L COM 707884102 10 600 SH SOLE 600 0 0
PENNEY J C INC COM 708160106 1 35 SH SOLE 35 0 0
PEPSICO INC COM 713448108 1759 24679 SH SOLE 24679 0 0
PETROLEUM & RES CORP COM 716549100 43 1450 SH SOLE 1450 0 0
PFIZER INC COM 717081103 412 22355 SH SOLE 22355 0 0
PHILIP MORRIS INTL INC COM 718172109 591 12294 SH SOLE 12294 0 0
PHILIP MORRIS INTL INC COM 718172109 5 100 SH DEFINED 100 0 0
PHILIPPINE LONG DIST 718252604 28 500 SH SOLE 500 0 0
POTASH CORP SASK INC COM 73755L107 13 100 SH SOLE 100 0 0
POWERSHARES QQQ TR 73935A104 1877 48250 SH SOLE 48250 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 774 42100 SH SOLE 42100 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 2 100 SH DEFINED 100 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 777 51800 SH SOLE 51800 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 3 200 SH DEFINED 200 0 0
PRAXAIR INC COM 74005P104 24 330 SH SOLE 330 0 0
PRICE T ROWE GROUP INC COM 74144T108 365 6800 SH SOLE 6800 0 0
PROCTER & GAMBLE CO COM 742718109 269 3855 SH SOLE 3855 0 0
PROLOGIS SH BEN INT 743410102 2 38 SH SOLE 38 0 0
PRUDENTIAL FINL INC COM 744320102 45 630 SH SOLE 630 0 0
PSYCHEMEDICS CORP COM NEW 744375205 1 38 SH SOLE 38 0 0
PSYCHIATRIC SOLUTIONS INC COM 74439H108 262 6900 SH SOLE 6900 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 52 1600 SH SOLE 1600 0 0
QUALCOMM INC COM 747525103 1 15 SH SOLE 15 0 0
RAVEN INDS INC COM 754212108 1829 46500 SH SOLE 46400 100 0
RAVEN INDS INC COM 754212108 24 600 SH DEFINED 600 0 0
RAYONIER INC COM 754907103 13 265 SH SOLE 265 0 0
----- ------ ------ --- ---
TOTAL FOR PAGE 7 24021 717081 716981 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 8
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
RESEARCH IN MOTION LTD COM 760975102 157 2302 SH SOLE 2302 0 0
REYNOLDS AMERICAN INC COM 761713106 3 60 SH SOLE 60 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1 4 SH SOLE 4 0 0
RITE AID CORP COM 767754104 1 1000 SH SOLE 1000 0 0
ROFIN SINAR TECHNOLOGIES INC COM 775043102 1613 52700 SH SOLE 52700 0 0
ROHM & HAAS CO 775371107 24 155 SH SOLE 155 0 0
ROYAL BANCSHARES OF PENNSYLVANIA 780081105 2 400 SH SOLE 400 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1 23 SH SOLE 23 0 0
ROYCE VALUE TR INC PFD STK 5.90% 780910402 14 700 SH SOLE 700 0 0
SPDR S & P 500 INDEX ETF 78462F103 2697 23250 SH SOLE 23250 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 378 4440 SH SOLE 4440 0 0
SPDR S&P OIL & GAS EQUIPMENT & SVCS ETF 78464A748 259 7950 SH SOLE 7950 0 0
SANOFI AVENTIS SPONSORED ADR 80105N105 2 55 SH SOLE 55 0 0
SARA LEE CORP COM 803111103 7 520 SH SOLE 520 0 0
SCHERING PLOUGH CORP COM 806605101 28 1500 SH SOLE 1500 0 0
SCHLUMBERGER LTD COM 806857108 16 200 SH SOLE 200 0 0
ESCROW SEAGATE TECH 811804988 1 500 SH SOLE 500 0 0
SEALED AIR CORP NEW COM 81211K100 5 214 SH SOLE 214 0 0
SEARS HLDGS CORP COM 812350106 7 78 SH SOLE 78 0 0
SEMPRA ENERGY COM 816851109 25 500 SH SOLE 500 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2 100 SH SOLE 100 0 0
SHERWIN WILLIAMS CO COM 824348106 11 200 SH SOLE 200 0 0
SIRIUS XM RADIO INC COM 82967N108 1 1000 SH SOLE 1000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 4 500 SH SOLE 500 0 0
SMITH INTERNATIONAL INC 832110100 5 89 SH SOLE 89 0 0
SMUCKER J M CO COM NEW 832696405 1 23 SH SOLE 23 0 0
SOUTHERN CO COM 842587107 30 800 SH SOLE 800 0 0
SOUTHWEST AIRLS CO COM 844741108 15 1012 SH SOLE 1012 0 0
SOVEREIGN BANCORP INC COM 845905108 3 705 SH SOLE 705 0 0
SPICY PICKLE FRANCHISING COM 84844T100 0 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 17 2823 SH SOLE 2823 0 0
STAMPS COM INC COM NEW 852857200 1 100 SH SOLE 100 0 0
STANLEY WKS COM 854616109 2 50 SH SOLE 50 0 0
STARBUCKS CORP COM 855244109 210 14103 SH SOLE 14103 0 0
STRATS TR BOEING SECS STRATS 6% A-1 863110201 8 400 SH SOLE 400 0 0
STRYKER CORP COM 863667101 6 98 SH SOLE 98 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD
PARTN 864482104 23 700 SH SOLE 700 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 6 500 SH SOLE 500 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 117 3321 SH SOLE 3321 0 0
SUN MICROSYSTEMS INC COM NEW 866810203 0 50 SH SOLE 50 0 0
SUNOCO INC 86764P109 4 100 SH SOLE 100 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 558 28597 SH SOLE 28597 0 0
SYSCO CORP 871829107 1 25 SH SOLE 25 0 0
TARGET CORP COM 87612E106 14 283 SH SOLE 283 0 0
TEAM INC 878155100 1347 37300 SH SOLE 37300 0 0
TEAM INC 878155100 29 800 SH DEFINED 800 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 17 1100 SH SOLE 1100 0 0
TERADATA CORPORATION 88076W103 1 30 SH SOLE 30 0 0
TEXAS INSTRS INC COM 882508104 1 46 SH SOLE 46 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 6 113 SH SOLE 113 0 0
THOMAS & BETTS CORP COM 884315102 74 1900 SH SOLE 1900 0 0
---- ------ ------ --- ---
TOTAL FOR PAGE 8 7755 193919 193919 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 09/30/2008 PAGE 9
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
-------------------------------------- ----------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ----
3M CO COM 88579Y101 1110 16248 SH SOLE 16248 0 0
3M CO COM 88579Y101 48 700 SH DEFINED 700 0 0
TICKETMASTER COM 88633P302 1 100 SH SOLE 100 0 0
TIM HORTONS INC COM 88706M103 1979 66800 SH SOLE 66500 300 0
TIM HORTONS INC COM 88706M103 12 400 SH DEFINED 400 0 0
TIME WARNER INC COM 887317105 7 550 SH SOLE 550 0 0
TOTAL S A SPONSORED ADR 89151E109 2 27 SH SOLE 27 0 0
TOWER BANCORP INC COM 891709107 1128 39243 SH SOLE 39243 0 0
TREE COM INC COM 894675107 0 16 SH SOLE 16 0 0
TRUMP ENTMT RESORTS INC COM 89816T103 0 1 SH SOLE 1 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
UST INC COM 902911106 33 500 SH SOLE 500 0 0
US BANCORP DEL COM NEW 902973304 1383 38400 SH SOLE 38400 0 0
US BANCORP DEL COM NEW 902973304 4 100 SH DEFINED 100 0 0
U M H PROPERTIES INC COM 903002103 4 600 SH SOLE 600 0 0
UNDER ARMOUR INC CL A 904311107 13 400 SH SOLE 400 0 0
UNIT CORP COM 909218109 40 800 SH SOLE 800 0 0
UNITED TECHNOLOGIES CORP COM 913017109 74 1224 SH SOLE 1224 0 0
UNITEDHEALTH GROUP INC COM 91324P102 117 4600 SH SOLE 4600 0 0
UNITEDHEALTH GROUP INC COM 91324P102 3 100 SH DEFINED 100 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 356 6600 SH SOLE 6600 0 0
VANGUARD SM CAP VAL VIPER 922908611 77 1300 SH SOLE 1300 0 0
VERIZON COMMUNICATIONS 92343V104 158 4911 SH SOLE 4911 0 0
VERIZON COMMUNICATIONS 92343V104 22 700 SH DEFINED 700 0 0
VIAD CORP COM NEW 92552R406 10 350 SH SOLE 350 0 0
VISA INC COM CL A 92826C839 6 100 SH SOLE 100 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 26 1156 SH SOLE 1156 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 15 700 SH DEFINED 700 0 0
WI-LAN INC COM 928972108 0 146 SH SOLE 146 0 0
VORNADO RLTY TR PFD G 6.625% 929042802 8 500 SH SOLE 500 0 0
WACHOVIA CORP 2ND NEW COM 929903102 15 4191 SH SOLE 4191 0 0
WAL MART STORES INC COM 931142103 265 4424 SH SOLE 4424 0 0
WALGREEN CO COM 931422109 14 449 SH SOLE 449 0 0
WASHINGTON MUT INC COM 939322103 0 200 SH SOLE 200 0 0
WEBSTER FINL CORP CONN COM 947890109 4 142 SH SOLE 142 0 0
WELLPOINT INC COM 94973V107 3 56 SH SOLE 56 0 0
WELLS FARGO & CO NEW COM 949746101 6 165 SH SOLE 165 0 0
WELLS FARGO CAPITAL TRUST IV 94976Y207 9 400 SH SOLE 400 0 0
WEYERHAEUSER CO COM 962166104 8 130 SH SOLE 130 0 0
WHIRLPOOL CORPORATION 963320106 1 15 SH SOLE 15 0 0
WHOLE FOODS MKT INC COM 966837106 0 8 SH SOLE 8 0 0
WILMINGTON TRUST CORP NEW 971807102 17 600 SH SOLE 600 0 0
WINDSTREAM CORP COM 97381W104 11 981 SH SOLE 981 0 0
WINDSTREAM CORP COM 97381W104 9 800 SH DEFINED 800 0 0
WYETH COM 983024100 65 1750 SH SOLE 1750 0 0
XCL LTD DEL COM 983701103 0 66 SH SOLE 66 0 0
XCEL ENERGY INC COM 98389B100 220 11000 SH SOLE 11000 0 0
XILINX INC COM 983919101 2 73 SH SOLE 73 0 0
YORK TRADITIONS BANK 987159100 6 6250 SH SOLE 6250 0 0
ZIMMER HLDGS INC COM 98956P102 8 120 SH SOLE 120 0 0
------ ------- ------- --- ---
TOTAL FOR PAGE 9 7299 219152 218852 300 0
GRAND TOTALS 100012 3094922 3094022 900 0