<SEC-DOCUMENT>0001054508-12-000050.txt : 20121004
<SEC-HEADER>0001054508-12-000050.hdr.sgml : 20121004
<ACCEPTANCE-DATETIME>20121004150910
ACCESSION NUMBER:		0001054508-12-000050
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120930
FILED AS OF DATE:		20121004
DATE AS OF CHANGE:		20121004
EFFECTIVENESS DATE:		20121004

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENSECO FINANCIAL SERVICES CORP
		CENTRAL INDEX KEY:			0001054508
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				232939222
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-11016
		FILM NUMBER:		121129426

	BUSINESS ADDRESS:	
		STREET 1:		150 N WASHINGTON AVENUE
		CITY:			SCRANTON
		STATE:			PA
		ZIP:			18503
		BUSINESS PHONE:		5703467741X316

	MAIL ADDRESS:	
		STREET 1:		150 N WASHINGTON AVE
		CITY:			SCRANTON
		STATE:			PA
		ZIP:			18503
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>sgse125a.txt
<TEXT>
<table>
<c>			    <c>                 <c>     <c>      <c>        <c>      <c>    <c>                  <c>       <c>      <c>
ACCENTURE LTD BERMUDA       CL A                G1151C101      201     2875 SH       SOLE                     2875        0        0
ACCENTURE LTD BERMUDA       CL A                G1151C101       49      700 SH       DEFINED                   400      300        0
WEATHERFORD INT'L LTD NEW                       H27013103        1      100 SH       DEFINED                   100        0        0
ACNB CORP                                       000868109        8      500 SH       SOLE                      500        0        0
AOL INC                                         00184X105        0        3 SH       SOLE                        3        0        0
AOL INC                                         00184X105        0        9 SH       DEFINED                     9        0        0
AT&T INC                    COM                 00206R102     1763    46776 SH       SOLE                    44876     1400      500
AT&T INC                    COM                 00206R102      703    18635 SH       DEFINED                 10674     7961        0
ABBOTT LABS                 COM                 002824100      907    13230 SH       SOLE                    12030      900      300
ABBOTT LABS                 COM                 002824100      267     3900 SH       DEFINED                  3600      300        0
ADVANCED MICRO DEVICES INC  COM                 007903107        1      200 SH       SOLE                      200        0        0
AGNICO EAGLE MINES LTD COM                      008474108       26      500 SH       SOLE                      500        0        0
AIR PRODUCT AND CHEMICALS   INC                 009158106      713     8625 SH       SOLE                     8125      500        0
AIR PRODUCT AND CHEMICALS   INC                 009158106       41      500 SH       DEFINED                   500        0        0
ALCOA INC                                       013817101       24     2712 SH       SOLE                     2712        0        0
ALCATEL-LUCENT              SPONSORED ADR       013904305        0      136 SH       SOLE                      136        0        0
ALCATEL-LUCENT              SPONSORED ADR       013904305        0       54 SH       DEFINED                    54        0        0
ALTRIA GROUP INC                                02209S103      240     7175 SH       SOLE                     6575        0      600
ALTRIA GROUP INC                                02209S103      130     3900 SH       DEFINED                  2200     1700        0
AMAZON COM INC              COM                 023135106       13       50 SH       SOLE                       50        0        0
AMAZON COM INC              COM                 023135106      112      440 SH       DEFINED                   400       40        0
AMERICAN ELEC PWR INC       COM                 025537101       53     1200 SH       SOLE                     1200        0        0
AMERICAN EXPRESS CO         COM                 025816109      668    11750 SH       SOLE                    11250      500        0
AMERICAN EXPRESS CO         COM                 025816109      495     8700 SH       DEFINED                   200     8500        0
AMERICAN INTL GROUP WARRANTSEXP 1/19/2021       026874156        0        8 SH       SOLE                        8        0        0
AMERICAN INTL GROUP WARRANTSEXP 1/19/2021       026874156        0       14 SH       DEFINED                    14        0        0
AMERICAN INTL GROUP INC     COM                 026874784        1       42 SH       SOLE                       42        0        0
AMERICAN WATER WORKS                            030420103      437    11800 SH       SOLE                     9900     1900        0
AMERICAN WATER WORKS                            030420103       56     1500 SH       DEFINED                  1500        0        0
AMERIPRISE FINL INC         COM                 03076C106      108     1900 SH       SOLE                     1900        0        0
AMERIPRISE FINL INC         COM                 03076C106      113     2000 SH       DEFINED                     0     2000        0
AMGEN INC                   COM                 031162100      341     4050 SH       SOLE                     4050        0        0
ANADARKO PETE CORP          COM                 032511107        4       53 SH       SOLE                       53        0        0
A 123  SYSTEMS INC                              03739T108        0      200 SH       SOLE                      200        0        0
APPLE COMPUTER INC          COM                 037833100      764     1145 SH       SOLE                     1080       65        0
APPLE COMPUTER INC          COM                 037833100      187      280 SH       DEFINED                   255       25        0
APPLIED MATLS INC           COM                 038222105       11     1000 SH       SOLE                     1000        0        0
AQUA AMERICA INC            COM                 03836W103       52     2100 SH       SOLE                     1100        0     1000
AQUA AMERICA INC            COM                 03836W103       38     1533 SH       DEFINED                   200     1333        0
ASHLAND INC NEW             COM                 044209104        1       13 SH       DEFINED                    13        0        0
AUTOMATIC DATA PROCESSING INCOM                 053015103      642    10952 SH       SOLE                    10752      200        0
AUTOMATIC DATA PROCESSING INCOM                 053015103       53      900 SH       DEFINED                   350      550        0
BB&T CORP                   COM                 054937107       72     2184 SH       SOLE                     2184        0        0
BP  PLC SPONSORED ADR                           055622104       84     1980 SH       SOLE                     1500      480        0
BP  PLC SPONSORED ADR                           055622104       38      900 SH       DEFINED                   700      200        0
BP PRUDHOE BAY ROYALTY      TRUST               055630107       28      300 SH       SOLE                      300        0        0
BANCO SANTANDER BRASIL S A                      05967A107        7     1000 SH       SOLE                     1000        0        0
BANKAMERICA CORP NEW                            060505104      110    12505 SH       SOLE                    12505        0        0
BANKAMERICA CORP NEW                            060505104        3      300 SH       DEFINED                     0      300        0
BANK NEW YORK MELLON CORP   COM                 064058100      151     6700 SH       SOLE                     6700        0        0
BANK NEW YORK MELLON CORP   COM                 064058100       72     3188 SH       DEFINED                  3000      188        0
BARRICK GOLD CORP, COMMON                       067901108       33      800 SH       SOLE                      800        0        0
BAXTER INTL INC             COM                 071813109      334     5550 SH       SOLE                     4550     1000        0
BAXTER INTL INC             COM                 071813109       81     1350 SH       DEFINED                  1150      200        0
BERKSHIRE HATHAWAY "B" NEW                      084670702      399     4525 SH       SOLE                     4025      500        0
BERKSHIRE HATHAWAY "B" NEW                      084670702      300     3400 SH       DEFINED                  3400        0        0
BOEING CO                   COM                 097023105      259     3720 SH       SOLE                     3620        0      100
BOEING CO                   COM                 097023105      296     4250 SH       DEFINED                  4250        0        0
BRISTOL MYERS SQUIBB CO                         110122108      578    17137 SH       SOLE                    16837        0      300
BRISTOL MYERS SQUIBB CO                         110122108      199     5896 SH       DEFINED                  3333     2563        0
BROADRIDGE FINL SOLUTIONS   INC                 11133T103        1       37 SH       SOLE                       37        0        0
BUCKEYE PARTNERS                                118230101      115     2400 SH       DEFINED                  2400        0        0
CBS CORP CL B                                   124857202        9      254 SH       SOLE                      254        0        0
CLECO CORP                                      12561W105      118     2814 SH       SOLE                     2814        0        0
CSX CORP                    COM                 126408103       12      600 SH       SOLE                      600        0        0
CVS/CAREMARK CORP           COM                 126650100       19      400 SH       SOLE                      400        0        0
CVS/CAREMARK CORP           COM                 126650100       10      200 SH       DEFINED                     0      200        0
CABOT OIL & GAS CORPORATION                     127097103       45     1000 SH       SOLE                     1000        0        0
CALAMOS CONV & HIGH INC FD                      12811P108       35     2800 SH       SOLE                        0     2800        0
CAMPBELL SOUP CO            COM                 134429109       21      600 SH       SOLE                      600        0        0
CARDINAL HEALTH INC                             14149Y108        4      100 SH       DEFINED                     0      100        0
CAREFUSION CORP                                 14170T101        1       50 SH       DEFINED                     0       50        0
CARIBOU COFFEE COMPANY                          142042209        4      300 SH       SOLE                      300        0        0
CARRIZO OIL & GAS INC.                          144577103       10      400 SH       SOLE                      400        0        0
CATERPILLAR INC DEL         COM                 149123101      193     2240 SH       SOLE                     2240        0        0
CATERPILLAR INC DEL         COM                 149123101      103     1200 SH       DEFINED                  1200        0        0
CHESAPEAKE ENERGY CORP      COM                 165167107        9      500 SH       SOLE                      500        0        0
CHEVRONTEXACO CORP          COM                 166764100      522     4479 SH       SOLE                     4404       75        0
CHEVRONTEXACO CORP          COM                 166764100      475     4072 SH       DEFINED                  3872      200        0
CISCO SYS INC               COM                 17275R102      555    29083 SH       SOLE                    26883     2200        0
CISCO SYS INC               COM                 17275R102       68     3550 SH       DEFINED                  1650     1900        0
CITIZENS & NORTHERN CORP                        172922106       10      500 SH       SOLE                      500        0        0
CITIGROUP INC NEW                               172967424       63     1921 SH       SOLE                     1871       50        0
CITIGROUP INC NEW                               172967424        6      181 SH       DEFINED                   161       20        0
COCA COLA CO                COM                 191216100     1974    52032 SH       SOLE                    50232     1000      800
COCA COLA CO                COM                 191216100      246     6486 SH       DEFINED                  4886     1600        0
COLGATE PALMOLIVE CO        COM                 194162103      473     4415 SH       SOLE                     4415        0        0
COLGATE PALMOLIVE CO        COM                 194162103       38      350 SH       DEFINED                     0      350        0
COMCAST CORP                                    20030N101       89     2497 SH       SOLE                     2497        0        0
COMCAST CORP                                    20030N101       31      877 SH       DEFINED                   877        0        0
COMMUNITY BANK SYSTEM INC                       203607106       35     1258 SH       SOLE                     1258        0        0
CONOCOPHILLIPS              COM                 20825C104      284     4963 SH       SOLE                     4963        0        0
CONOCOPHILLIPS              COM                 20825C104      383     6700 SH       DEFINED                  1700     5000        0
CONSOLIDATED EDISON INC                         209115104       87     1456 SH       SOLE                     1456        0        0
CORNING INC                 COM                 219350105        7      500 SH       DEFINED                   500        0        0
DNP SELECT INCOME FD INC                        23325P104       30     3000 SH       SOLE                        0     3000        0
DEERE & CO                  COM                 244199105      367     4450 SH       SOLE                     4250      200        0
DEERE & CO                  COM                 244199105      111     1350 SH       DEFINED                  1350        0        0
DISNEY WALT CO              COM DISNEY          254687106      203     3888 SH       SOLE                     3888        0        0
DISNEY WALT CO              COM DISNEY          254687106       23      440 SH       DEFINED                   440        0        0
DOMINION RES INC VA NEW     COM                 25746U109      738    13942 SH       SOLE                    13142      200      600
DOMINION RES INC VA NEW     COM                 25746U109      381     7200 SH       DEFINED                  5400     1800        0
DOW CHEM CO                 COM                 260543103      189     6526 SH       SOLE                     6426        0      100
DOW CHEM CO                 COM                 260543103       80     2780 SH       DEFINED                  1980      800        0
DU PONT E I DE NEMOURS & CO COM                 263534109     1158    23026 SH       SOLE                    21526      900      600
DU PONT E I DE NEMOURS & CO COM                 263534109     1325    26351 SH       DEFINED                  5656    20695        0
DUKE ENERGY HLDG CORP                           26441C204      247     3819 SH       SOLE                     3819        0        0
DUKE ENERGY HLDG CORP                           26441C204      194     2996 SH       DEFINED                  2731      265        0
E M C CORP MASS             COM                 268648102       14      500 SH       SOLE                      500        0        0
E M C CORP MASS             COM                 268648102       16      600 SH       DEFINED                     0      600        0
EQT CORP                                        26884L109      118     2000 SH       SOLE                     2000        0        0
EMERSON ELEC CO             COM                 291011104     1141    23630 SH       SOLE                    22230     1000      400
EMERSON ELEC CO             COM                 291011104      311     6450 SH       DEFINED                  5550      900        0
ENERGY TRANSFER EQUITY L P  COM UNIT LTD PRTNERS29273V100      515    11400 SH       SOLE                    11400        0        0
ENERGY TRANSFER EQUITY L P  COM UNIT LTD PRTNERS29273V100        5      102 SH       DEFINED                   102        0        0
EXELON CORP                 COM                 30161N101      738    20740 SH       SOLE                    19040     1200      500
EXELON CORP                 COM                 30161N101      218     6133 SH       DEFINED                  3833     2300        0
EXELIS INC                                      30162A108       10      960 SH       SOLE                      660        0      300
EXELIS INC                                      30162A108        5      463 SH       DEFINED                   463        0        0
EXPEDITORS INTL WASH INC                        302130109      806    22170 SH       SOLE                    20420     1250      500
EXPEDITORS INTL WASH INC                        302130109      120     3300 SH       DEFINED                  2000     1300        0
EXPRESS SCRIPTS HLDG CO.                        30219G108       22      352 SH       SOLE                      352        0        0
EXXON MOBIL CORP            COM                 30231G102     4634    50671 SH       SOLE                    49871      700      100
EXXON MOBIL CORP            COM                 30231G102     2838    31031 SH       DEFINED                 12520    18511        0
F N B CORP PA                                   302520101      683    60937 SH       SOLE                    60937        0        0
FACEBOOK INC                                    30303M102        5      250 SH       SOLE                      250        0        0
FASTENAL CO                 COM                 311900104     2000    46525 SH       SOLE                    43075     2050     1400
FASTENAL CO                 COM                 311900104      223     5200 SH       DEFINED                  2900     2300        0
FIFTH THIRD BANCORP                             316773100        3      200 SH       SOLE                      200        0        0
FIRST COMMONWEALTH FINL CP  PA                  319829107        4      500 SH       SOLE                      500        0        0
FIRST SOLAR INC                                 336433107        4      200 SH       DEFINED                   200        0        0
FORD MTR CO DEL             COM PAR $0.01       345370860        2      157 SH       DEFINED                   157        0        0
FREEPORTMCMORAN COPP CL B                       35671D857       11      268 SH       SOLE                       54      214        0
FRONTIER COMMUNICATIONS CORP                    35906A108        6     1193 SH       SOLE                     1193        0        0
FRONTIER COMMUNICATIONS CORP                    35906A108        2      459 SH       DEFINED                   459        0        0
GABELLI GLOBAL MULTIMEDIA   TR INC              36239Q109        2      200 SH       SOLE                      200        0        0
GABELLI EQUITY TR INC                           362397101       17     3000 SH       SOLE                     3000        0        0
GABELLI UTILITY TRUST FD                        36240A101       16     2000 SH       SOLE                     2000        0        0
GENERAL DYNAMICS CORP                           369550108       59      900 SH       SOLE                      900        0        0
GENERAL ELEC CO             COM                 369604103     2689   118449 SH       SOLE                   114949     3500        0
GENERAL ELEC CO             COM                 369604103      832    36631 SH       DEFINED                 13760    22871        0
GENERAL MLS INC             COM                 370334104      106     2650 SH       SOLE                     2650        0        0
GENERAL MLS INC             COM                 370334104       92     2300 SH       DEFINED                  1900      400        0
GENESEE & WYO INC           CL A                371559105     7622   114000 SH       SOLE                   114000        0        0
GLATFELTER                  COM                 377316104        4      200 SH       SOLE                      200        0        0
GLAXOSMITHKLINE PLC         SPONSORED ADR       37733W105      355     7685 SH       SOLE                     7685        0        0
GLAXOSMITHKLINE PLC         SPONSORED ADR       37733W105      250     5400 SH       DEFINED                  4700      700        0
GOOGLE INC                                      38259P508      336      445 SH       SOLE                      395       50        0
GOOGLE INC                                      38259P508       19       25 SH       DEFINED                    10       15        0
HAMPTON ROADS BANCSHARES    INC, NEW            409321502        4     2709 SH       SOLE                     2709        0        0
HARTFORD FINL SVCS                              416515104        5      280 SH       SOLE                      280        0        0
HARTFORD FINL SVCS                              416515104        7      373 SH       DEFINED                   373        0        0
HEINZ H J CO                COM                 423074103      162     2900 SH       SOLE                     2900        0        0
HEINZ H J CO                COM                 423074103       62     1100 SH       DEFINED                   300      800        0
HERSHA HOSPITALITY TRUST                        427825104        5     1000 SH       SOLE                     1000        0        0
HERSHEY FOODS CORP          COM                 427866108       78     1100 SH       SOLE                     1100        0        0
HEWLETT PACKARD CO          COM                 428236103      228    13366 SH       SOLE                    11566     1800        0
HEWLETT PACKARD CO          COM                 428236103       13      750 SH       DEFINED                   750        0        0
HOME DEPOT INC              COM                 437076102      211     3500 SH       SOLE                     3500        0        0
HOME DEPOT INC              COM                 437076102       78     1300 SH       DEFINED                  1200      100        0
HONEYWELL INTL INC          COM                 438516106       51      850 SH       SOLE                      850        0        0
HONEYWELL INTL INC          COM                 438516106       84     1400 SH       DEFINED                  1300      100        0
HOST HOTELS & RESORTS                           44107P104        2      152 SH       SOLE                      152        0        0
HUNTINGTON BANCSHARES INC                       446150104       58     8480 SH       SOLE                     8480        0        0
ITT CORP NEW                COM NEW             450911201       10      480 SH       SOLE                      330        0      150
ITT CORP NEW                COM NEW             450911201        5      231 SH       DEFINED                   231        0        0
ILLINOIS TOOL WKS INC       COM                 452308109       14      235 SH       DEFINED                     0      235        0
INTEL CORP                  COM                 458140100      351    15475 SH       SOLE                    14675      400      400
INTEL CORP                  COM                 458140100       60     2650 SH       DEFINED                   450     2200        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101     1771     8536 SH       SOLE                     8336      200        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101     4319    20821 SH       DEFINED                  9200    11621        0
INTL PAPER CO               COM                 460146103       18      500 SH       DEFINED                     0      500        0
INVESCO VAN KAMPEN SR INCOMETR                  46131H107        7     1400 SH       DEFINED                  1400        0        0
ISHARES GOLD TRUST                              464285105        5      314 SH       SOLE                      314        0        0
ISHARES BARCLAYS TIPS BND FD                    464287176       10       80 SH       SOLE                       80        0        0
ISHARES S&P 500 INDEX                           464287200       36      248 SH       SOLE                        0      248        0
ISHARES IBOXX $ INVESTOP    INVESTMENT          464287242       10       80 SH       SOLE                       80        0        0
S&P NORTH AMERICAN NATURAL  RESOURCES           464287374       59     1500 SH       DEFINED                     0     1500        0
ISHARES TR                  MSCI EAFE INDEX     464287465       48      910 SH       SOLE                      910        0        0
ISHARES TR                  MSCI EAFE INDEX     464287465       80     1500 SH       DEFINED                     0     1500        0
ISHARES S&P 400 INDEX                           464287507       10      100 SH       SOLE                      100        0        0
ISHARES S7P 600 INDEX                           464287804       11      140 SH       SOLE                      140        0        0
J P MORGAN CHASE & CO       COM                 46625H100     1097    27102 SH       SOLE                    26002     1100        0
J P MORGAN CHASE & CO       COM                 46625H100      108     2660 SH       DEFINED                  1320     1340        0
JOHNSON & JOHNSON           COM                 478160104     2036    29549 SH       SOLE                    28749      800        0
JOHNSON & JOHNSON           COM                 478160104      268     3883 SH       DEFINED                  2283     1600        0
JOHNSON CONTROLS INC                            478366107        8      300 SH       SOLE                      300        0        0
KELLOGG CO                  COM                 487836108      199     3850 SH       SOLE                     3350        0      500
KELLOGG CO                  COM                 487836108       85     1650 SH       DEFINED                  1650        0        0
KIMBERLY CLARK CORP         COM                 494368103      442     5147 SH       SOLE                     5047      100        0
KIMBERLY CLARK CORP         COM                 494368103      107     1250 SH       DEFINED                  1250        0        0
KINDER MORGAN ENERGY PRTNRS                     494550106        8      100 SH       DEFINED                   100        0        0
KRAFT FOODS INC                                 50075N104      379     9169 SH       SOLE                     8669        0      500
KRAFT FOODS INC                                 50075N104      427    10328 SH       DEFINED                  8292     2036        0
LSI CORPORATION             COM                 502161102        0       15 SH       DEFINED                    15        0        0
LILLY ELI & CO              COM                 532457108      367     7750 SH       SOLE                     7350        0      400
LILLY ELI & CO              COM                 532457108      202     4255 SH       DEFINED                  2255     2000        0
LINEAR TECHNOLOGY CORP                          535678106      655    20600 SH       SOLE                    19000     1600        0
LINEAR TECHNOLOGY CORP                          535678106      173     5450 SH       DEFINED                  3750     1700        0
LINN ENERGY LLC                                 536020100       12      300 SH       DEFINED                   300        0        0
LOCKHEED MARTIN CORP        COM                 539830109       61      656 SH       SOLE                      656        0        0
LOWES COS INC               COM                 548661107      206     6810 SH       SOLE                     6410        0      400
LOWES COS INC               COM                 548661107       33     1100 SH       DEFINED                   300      800        0
LULULEMON ATHLETICA                             550021109       15      200 SH       SOLE                      200        0        0
M&T BANK CORP                                   55261F104       47      490 SH       SOLE                      490        0        0
MFS CHARTER INCOME TRUST                        552727109        3      300          SOLE                      300        0        0
MANULIFE FINANCIAL CORP                         56501R106       40     3294 SH       SOLE                     3294        0        0
MARATHON OIL CO                                 565849106       37     1256 SH       SOLE                       34     1222        0
MARATHON PETROLEUM CORP                         56585A102       34      628 SH       SOLE                       17      611        0
MARTHA STEWART LIVING                           573083102        1      200 SH       SOLE                      200        0        0
MASTERCARD INCORPORATED                         57636Q104      910     2015 SH       SOLE                     1830      185        0
MASTERCARD INCORPORATED                         57636Q104      104      230 SH       DEFINED                   230        0        0
MATTEL INC                  COM                 577081102      141     3983 SH       SOLE                     3983        0        0
MCDONALDS CORP              COM                 580135101      697     7600 SH       SOLE                     7250      350        0
MCDONALDS CORP              COM                 580135101      106     1150 SH       DEFINED                  1050      100        0
MEAD JOHNSON NUTRITION CO   CL A                582839106        5       68 SH       DEFINED                     0       68        0
MEDTRONIC INC               COM                 585055106      490    11375 SH       SOLE                    11075        0      300
MEDTRONIC INC               COM                 585055106       30      700 SH       DEFINED                   300      400        0
MERCK & CO INC NEW                              58933Y105      631    13997 SH       SOLE                    13497        0      500
MERCK & CO INC NEW                              58933Y105      232     5150 SH       DEFINED                  3050     2100        0
MICROSOFT CORP                                  594918104     1214    40795 SH       SOLE                    38995     1800        0
MICROSOFT CORP                                  594918104      251     8440 SH       DEFINED                  3640     4800        0
MICROCHIP TECHNOLOGY INC    COM                 595017104      789    24100 SH       SOLE                    22200     1500      400
MICROCHIP TECHNOLOGY INC    COM                 595017104      159     4850 SH       DEFINED                  3750     1100        0
MOTOROLA SOLUTIONS, INC.                        620076307       27      527 SH       SOLE                      527        0        0
MYLAN INC                   COM                 628530107       10      400 SH       SOLE                      400        0        0
NBT BANCORP INC             COM                 628778102        5      230 SH       SOLE                      230        0        0
NBT BANCORP INC             COM                 628778102     3089   140025 SH       DEFINED                 90025    50000        0
NCR CORP NEW                                    62886E108        1       27 SH       DEFINED                    27        0        0
NYSE EURONEXT                                   629491101       25     1000 SH       SOLE                     1000        0        0
NATIONAL OILWELL VARCO INC  COM                 637071101      395     4925 SH       SOLE                     4325      600        0
NATIONAL OILWELL VARCO INC  COM                 637071101       64      800 SH       DEFINED                   800        0        0
NATIONAL PENN BANCORP INC                       637138108       46     5000 SH       SOLE                     5000        0        0
NATURES SUNSHINE PRODUCTS                       639027101       16     1000 SH       SOLE                     1000        0        0
NEW YORK TIMES CO CL A                          650111107        6      600 SH       SOLE                      600        0        0
NEXTERA ENERGY INC                              65339F101      664     9445 SH       SOLE                     9445        0        0
NEXTERA ENERGY INC                              65339F101      357     5083 SH       DEFINED                  3433     1650        0
NOKIA CORP                  SPONSORED ADR       654902204        1      200 SH       SOLE                      200        0        0
NORFOLK SOUTHERN CORP                           655844108      360     5650 SH       SOLE                     5650        0        0
NORFOLK SOUTHERN CORP                           655844108       32      500 SH       DEFINED                   400      100        0
NORTHEAST UTILS             COM                 664397106       11      300 SH       SOLE                      300        0        0
NORWOOD FINANCIAL           CORPORATION         669549107      482    15971 SH       SOLE                    15971        0        0
NOVARTIS AG                                     66987V109      246     4013 SH       SOLE                     3721        0      292
NOVARTIS AG                                     66987V109       30      492 SH       DEFINED                     0      492        0
NUCOR CORP                                      670346105       46     1200 SH       SOLE                     1200        0        0
NUCOR CORP                                      670346105       27      700 SH       DEFINED                   700        0        0
NUVEEN PERFORMANCE PLUS     MUNICIPAL FUND INC  67062P108       19     1096 SH       DEFINED                  1096        0        0
OCCIDENTAL PETE CORP DEL    COM                 674599105     1041    12100 SH       SOLE                    12100        0        0
OCCIDENTAL PETE CORP DEL    COM                 674599105       52      600 SH       DEFINED                     0      600        0
ORACLE CORP                 COM                 68389X105      230     7300 SH       SOLE                     7100      200        0
ORACLE CORP                 COM                 68389X105       19      600 SH       DEFINED                   300      300        0
PNC FINL SVCS GROUP INC     COM                 693475105      504     7981 SH       SOLE                     6681      900      400
PNC FINL SVCS GROUP INC     COM                 693475105      501     7940 SH       DEFINED                  2240     5700        0
PPG INDS INC                COM                 693506107      132     1150 SH       SOLE                     1150        0        0
PPG INDS INC                COM                 693506107       46      400 SH       DEFINED                   100      300        0
PPL CORP, COM                                   69351T106     1770    60944 SH       SOLE                    60744        0      200
PPL CORP, COM                                   69351T106      567    19536 SH       DEFINED                 18286     1250        0
PENNEY J C INC              COM                 708160106        7      300 SH       DEFINED                   300        0        0
PENN REAL ESTATE INVT TR                        709102107        7      465 SH       SOLE                      465        0        0
PEPCO HOLDINGS INC                              713291102        8      448 SH       DEFINED                     0      448        0
PEPSICO INC                 COM                 713448108     2871    40565 SH       SOLE                    39665      900        0
PEPSICO INC                 COM                 713448108      191     2700 SH       DEFINED                   900     1800        0
PFIZER INC                  COM                 717081103     2051    82587 SH       SOLE                    79537     2350      700
PFIZER INC                  COM                 717081103     1188    47822 SH       DEFINED                 19562    28260        0
PHILIP MORRIS INTL INC                          718172109      412     4580 SH       SOLE                     4580        0        0
PHILIP MORRIS INTL INC                          718172109      282     3140 SH       DEFINED                  1440     1700        0
PHILLIPS 66                                     718546104       48     1037 SH       SOLE                     1037        0        0
PHILLIPS 66                                     718546104      125     2700 SH       DEFINED                   200     2500        0
PIMCO CORPORATE OPPORTUNITY FD                  72201B101       20     1000 SH       SOLE                     1000        0        0
PITNEY BOWES INC            COM                 724479100        7      500 SH       SOLE                        0      500        0
PLUM CREEK TIMBER CO INC    COM                 729251108        4      100 SH       DEFINED                   100        0        0
PROCTER & GAMBLE CO         COM                 742718109     2556    36857 SH       SOLE                    35357      900      600
PROCTER & GAMBLE CO         COM                 742718109     2097    30228 SH       DEFINED                 22828     7400        0
PUBLIC SVC ENTERPRISE GROUP COM                 744573106       24      750 SH       SOLE                      750        0        0
PUBLIC SVC ENTERPRISE GROUP COM                 744573106       55     1700 SH       DEFINED                  1400      300        0
PUTNAM MUNICIPAL OPP TRUST                      746922103       23     1715 SH       DEFINED                  1715        0        0
QUALCOMM INC                COM                 747525103       26      420 SH       DEFINED                   100      320        0
RANDGOLD RES LTD ADR                            752344309        3       25 SH       SOLE                       25        0        0
RAYONIER INC                COM                 754907103       19      385 SH       SOLE                      385        0        0
RAYTHEON CO                 COM NEW             755111507       51      900 SH       SOLE                      900        0        0
ROCKWELL AUTOMATION INC                         773903109        3       50 SH       SOLE                       50        0        0
ROCKWELL COLLINS INC        COM                 774341101      244     4550 SH       SOLE                     4550        0        0
ROCKWELL COLLINS INC        COM                 774341101       48      900 SH       DEFINED                   900        0        0
ROYAL BANK OF CANADA                            780087102       17      300 SH       DEFINED                   300        0        0
ROYAL DUTCH SHELL PLC       SPONS ADR A         780259206      236     3400 SH       SOLE                     3400        0        0
ROYAL DUTCH SHELL PLC       SPONS ADR A         780259206      418     6020 SH       DEFINED                  3120     2900        0
S&T BANCORP INC                                 783859101       18     1000 SH       SOLE                     1000        0        0
GOLD TRUST                                      78463V107       34      200 SH       DEFINED                   200        0        0
SPDR BARCLAYS HIGHYIELD  BND                    78464A417       10      255 SH       SOLE                      255        0        0
SANOFI AVENTIS              SPONSORED ADR       80105N105       15      350 SH       SOLE                      350        0        0
SANOFI-AVENTIS SA CVR                           80105N113        1      300 SH       SOLE                      300        0        0
SCHLUMBERGER LTD            COM                 806857108      619     8560 SH       SOLE                     7760      400      400
SCHLUMBERGER LTD            COM                 806857108      260     3600 SH       DEFINED                  3200      400        0
SECTOR SPDR TR-SHS BEN                          81369Y308       11      295 SH       SOLE                      295        0        0
JM SMUCKER CO                                   832696405        8       94 SH       SOLE                       94        0        0
JM SMUCKER CO                                   832696405       26      300 SH       DEFINED                     0      300        0
SOUTH JERSEY INDUSTRIES INC                     838518108       53     1000 SH       SOLE                     1000        0        0
SOUTHERN CO                 COM                 842587107      736    15960 SH       SOLE                    15060      200      700
SOUTHERN CO                 COM                 842587107      265     5750 SH       DEFINED                  4900      850        0
SPECTRA ENERGY CORP         COM                 847560109      771    26250 SH       SOLE                    24250     2000        0
SPECTRA ENERGY CORP         COM                 847560109      313    10650 SH       DEFINED                  9200     1450        0
STARBUCKS CORP              COM                 855244109      352     6950 SH       SOLE                     6450      500        0
STARBUCKS CORP              COM                 855244109       35      700 SH       DEFINED                   700        0        0
STARWOOD HOTELS&RESORTS WRLDCOM                 85590A401       14      245 SH       DEFINED                   245        0        0
STATE STR CORP              COM                 857477103       90     2150 SH       SOLE                     2150        0        0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN      864482104       12      300 SH       SOLE                      300        0        0
SUNOCO LOGISTICS PARTNERS LP                    86764L108       42      900 SH       SOLE                      900        0        0
SUNPOWER CORP                                   867652406        0       30 SH       DEFINED                    30        0        0
SUNTRUST BKS INC            COM                 867914103       47     1679 SH       SOLE                     1679        0        0
SYSCO CORP                  COM                 871829107      701    22416 SH       SOLE                    21016     1400        0
SYSCO CORP                  COM                 871829107       59     1900 SH       DEFINED                  1400      500        0
TECO ENERGY INC             COM                 872375100        5      275 SH       SOLE                      275        0        0
TARGET CORP                                     87612E106      213     3350 SH       SOLE                     3050        0      300
TARGET CORP                                     87612E106       22      350 SH       DEFINED                     0      350        0
TEVA PHARMACEUTICAL INDS LTDADR                 881624209       12      300 SH       SOLE                      300        0        0
TEVA PHARMACEUTICAL INDS LTDADR                 881624209       23      565 SH       DEFINED                     0      565        0
TEXAS INSTRS INC            COM                 882508104        6      200 SH       SOLE                      200        0        0
3M CO                                           88579Y101     1205    13041 SH       SOLE                    12941        0      100
3M CO                                           88579Y101      108     1166 SH       DEFINED                   566      600        0
TIME WARNER INC                                 887317303       17      383 SH       SOLE                      383        0        0
TIME WARNER INC                                 887317303       22      489 SH       DEFINED                   339      150        0
TIME WARNER CABLE INC                           88732J207        3       33 SH       SOLE                       33        0        0
TRAVELERS COMPANIES INC     COM                 89417E109      203     2980 SH       SOLE                     2930       50        0
TRAVELERS COMPANIES INC     COM                 89417E109       10      150 SH       DEFINED                   150        0        0
US BANCORP DEL                                  902973304      678    19769 SH       SOLE                    18169     1600        0
US BANCORP DEL                                  902973304       58     1700 SH       DEFINED                  1700        0        0
UNION PAC CORP              COM                 907818108      475     4000 SH       SOLE                     4000        0        0
UNION PAC CORP              COM                 907818108       19      164 SH       DEFINED                   164        0        0
UNITED PARCEL SERVICE INC   CL B                911312106       51      716 SH       SOLE                      416        0      300
UNITED PARCEL SERVICE INC   CL B                911312106       32      450 SH       DEFINED                   150      300        0
UNITED STATES STL CORP NEW  COM                 912909108        1       62 SH       SOLE                        0       62        0
UNITED STATES STL CORP NEW  COM                 912909108        2      100 SH       DEFINED                   100        0        0
UNITED TECHNOLOGIES CORP                        913017109       63      805 SH       SOLE                      805        0        0
UNITEDHEALTH GROUP INC      COM                 91324P102       39      700 SH       SOLE                        0      700        0
VF CORP                                         918204108      135      850 SH       SOLE                      625      225        0
VANGUARD DIVIDEND           APPRECIATION ETF    921908844       10      175 SH       SOLE                      175        0        0
VANGUARD BD INDEX FD INC    TOTAL BD MARKET     921937835       10      114 SH       SOLE                      114        0        0
VANGUARD ENERGY ETF                             92204A306        5       45 SH       SOLE                       45        0        0
VANGUARD FTSE INTL SMALL CAP                    922042718        5       60 SH       SOLE                       60        0        0
VANGUARD FTSE ALL WORLD                         922042775       11      255 SH       SOLE                      255        0        0
VANGUARD EMERGING MARKETS   ETF                 922042858       61     1471 SH       SOLE                      900      571        0
VANGUARD EMERGING MARKETS   ETF                 922042858       21      500 SH       DEFINED                   500        0        0
VANGUARD REIT ETF                               922908553       33      508 SH       SOLE                        0      508        0
VANGUARD MID CAP ETF                            922908629       97     1200 SH       SOLE                     1100      100        0
VANGUARD MID CAP ETF                            922908629       32      400 SH       DEFINED                   300      100        0
VANGUARD SMALL CAP ETF                          922908751      100     1250 SH       SOLE                     1150      100        0
VANGUARD SMALL CAP ETF                          922908751       32      400 SH       DEFINED                   300      100        0
VANGUARD TOTAL STK MRKT ETF                     922908769       22      295 SH       SOLE                      295        0        0
VERISIGN INC                COM                 92343E102        5      100 SH       SOLE                      100        0        0
VERIZON COMMUNICATIONS      COM                 92343V104     2311    50732 SH       SOLE                    48532     1200     1000
VERIZON COMMUNICATIONS      COM                 92343V104      488    10707 SH       DEFINED                  5191     5516        0
VIACOM INC CL B                                 92553P201       14      254 SH       DEFINED                   254        0        0
VISA CLASS A                                    92826C839     2540    18918 SH       SOLE                    18918        0        0
VODAFONE GROUP PLC NEW      SPONS ADR NEW       92857W209       42     1480 SH       SOLE                     1480        0        0
VODAFONE GROUP PLC NEW      SPONS ADR NEW       92857W209        9      300 SH       DEFINED                   300        0        0
WAL MART STORES INC         COM                 931142103      557     7550 SH       SOLE                     7550        0        0
WALGREEN CO                 COM                 931422109      123     3366 SH       SOLE                     2966        0      400
WALGREEN CO                 COM                 931422109        7      200 SH       DEFINED                     0      200        0
WEBSTER FINANCIAL CORP                          947890109        3      143 SH       SOLE                      143        0        0
WELLS FARGO & CO NEW        COM                 949746101      760    22025 SH       SOLE                    20326     1600       99
WELLS FARGO & CO NEW        COM                 949746101       16      457 SH       DEFINED                   457        0        0
WELLS FARGO ADVANTAGE INCOME OPPORTUNITIES FD   94987B105       19     1800 SH       SOLE                     1800        0        0
WESTERN UNION CO (WU)                           959802109      234    12850 SH       SOLE                    10350     2500        0
WESTERN UNION CO (WU)                           959802109       15      800 SH       DEFINED                   800        0        0
WEYERHAEUSER CO             COM                 962166104     1074    41099 SH       SOLE                    37022     3100      977
WEYERHAEUSER CO             COM                 962166104      163     6232 SH       DEFINED                  4544     1688        0
WINDSTREAM CORP             COM                 97381W104        1      103 SH       SOLE                      103        0        0
XEROX CORP                  COM                 984121103        6      875 SH       SOLE                      875        0        0
XYLEM INC                                       98419M100      245     9760 SH       SOLE                     7760     1700      300
XYLEM INC                                       98419M100       29     1163 SH       DEFINED                   563      600        0
YAHOO INC                   COM                 984332106        5      300 SH       SOLE                      300        0        0
YAHOO INC                   COM                 984332106       16     1000 SH       DEFINED                  1000        0        0
ZIMMER HLDGS INC            COM                 98956P102       15      223 SH       SOLE                      223        0        0
</table>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>