The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T INC COM 00206R102 995 23,959 SH   SOLE   23,959 0 0
ALTRIA GROUP INC COM 02209S103 1,923 26,932 SH   SOLE   26,932 0 0
AMERISERV FINL INC COM 03074A102 1,597 425,759 SH   SOLE   6,465 0 419,294
ANNALY CAP MGMT INC COM 035710409 595 53,527 SH   SOLE   53,527 0 0
APPLE INC COM 037833100 2,346 16,325 SH   SOLE   16,325 0 0
BP PLC SPONSORED ADR 055622104 931 26,968 SH   SOLE   26,968 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100 25,658 1,145,955 SH   SOLE   1,145,955 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100 902 40,298 SH   OTR   39,606 692 0
BRISTOL MYERS SQUIBB CO COM 110122108 845 15,530 SH   SOLE   15,530 0 0
COCA COLA CO COM 191216100 571 13,468 SH   SOLE   13,468 0 0
EXELON CORP COM 30161N101 453 12,583 SH   SOLE   12,583 0 0
FNB CORP PA COM 302520101 573 38,506 SH   SOLE   38,506 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 875 75,175 SH   SOLE   75,175 0 0
FREEPORT-MCMORAN INC CL B 35671D857 457 34,209 SH   SOLE   34,209 0 0
GENERAL ELECTRIC CO COM 369604103 514 17,279 SH   SOLE   17,279 0 0
GENERAL MLS INC COM 370334104 750 12,705 SH   SOLE   12,705 0 0
ISHARES MSCI BRZ CAP ETF 464286400 1,471 39,272 SH   SOLE   39,272 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 2,032 24,043 SH   SOLE   23,816 0 227
ISHARES TR CORE S&P SCP ETF 464287804 3,970 57,404 SH   SOLE   57,404 0 0
JOHNSON & JOHNSON COM 478160104 2,261 18,202 SH   SOLE   18,202 0 0
LIVE OAK BANCSHARES INC COM 53803X105 2,389 110,344 SH   SOLE   110,344 0 0
MICROSOFT CORP COM 594918104 824 12,499 SH   SOLE   12,499 0 0
NIKE INC CL B 654106103 939 16,843 SH   SOLE   16,718 0 125
PFIZER INC COM 717081103 444 12,966 SH   SOLE   12,966 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 7,249 85,448 SH   SOLE   85,421 0 27
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 418 11,325 SH   SOLE   11,325 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 5,327 17,050 SH   SOLE   17,050 0 0
TRINITY INDS INC COM 896522109 1,023 38,541 SH   SOLE   38,541 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 6,753 31,216 SH   SOLE   31,211 0 5
VERIZON COMMUNICATIONS INC COM 92343V104 1,376 28,247 SH   SOLE   28,247 0 0