UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                     WASHINGTON, D.C. 20549

                                              Form 13F

                                     Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:   March 31, 2006

Check here if Amendment [ ]: Amendment Number:

This Amendment (Check only one): [] is a restatement

                                [  ] adds new holdings entries

Institutional Investment Manager Filing this Report:

Name:       First Commonwealth Financial Corporation
Address:   22 North Sixth Street
           Indiana, PA, 15701

Form 13F File Number:28-05151

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 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:      John J. Dolan
Title:     Executive Vice President and Chief Financial Officer
Phone:     (724) 349-7220

Signature,Place, and Date of Signing:

/s/ John. J. Dolan

John J. Dolan,     Indiana, PA,  May 12, 2006

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).)

<PAGE>

                                 Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:  1

Form 13F Information Table Entry Total: 224

Form 13F Information Table Value Total: $155,035    (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.

Number:  1

Form 13F File Number:28-

Name: First Commonwealth Bank


<PAGE>

<TABLE>
                                            FORM 13F INFORMATION TABLE

<CAPTION>
COLUMN  1                          COL 2   COL 3     COL 4   COLUMN 5           COL 6       COL 7     COLUMN 8
                                   TITLE             MARKET
                                   OF                VALUE   SHS OR    SH/ PUT/ INVESTMENT  OTHER     VOTING AUTHORITY
ISSUER                             CLASS   CUSIP     (X$1000)PRN AMT   PRN CALL DISCRETION  MANAGERS  SOLE       SHARED NONE
<S>                                <C>     <C>       <C>     <C>       <C>  <C> <C>         <C>       <C>        <C>    <C>

1JUNIATA VALLEY NATL BK            COMMON   482016102  1,143    48,238  SH      DEFINED              1    48,238      0    0
3M CO                              COMMON  88579Y101     368     4,860  SH      DEFINED              1     4,860      0    0
3M CO                              COMMON  88579Y101     708     9,360  SH      OTHER                1     9,360      0    0
ABBOTT LABS                        COMMON     2824100    918    21,611  SH      DEFINED              1    21,611      0    0
ABBOTT LABS                        COMMON     2824100     35       825  SH      OTHER                1       825      0    0
AIR PRODS & CHEMS INC              COMMON     9158106    497     7,397  SH      DEFINED              1     7,397      0    0
AIR PRODS & CHEMS INC              COMMON     9158106     20       300  SH      OTHER                1       300      0    0
ALCOA INC                          COMMON    13817101    127     4,150  SH      DEFINED              1     4,150      0    0
ALCOA INC                          COMMON    13817101     76     2,500  SH      OTHER                1     2,500      0    0
ALLSTATE CORP                      COMMON    20002101  1,002    19,223  SH      DEFINED              1    19,223      0    0
ALLSTATE CORP                      COMMON    20002101    386     7,399  SH      OTHER                1     7,399      0    0
ALLTEL CORP                        COMMON    20039103  1,025    15,833  SH      DEFINED              1    15,833      0    0
ALLTEL CORP                        COMMON    20039103    467     7,216  SH      OTHER                1       700  6,516    0
ALTRIA GROUP INC                   COMMON  02209S103   1,179    16,635  SH      DEFINED              1    16,635      0    0
ALTRIA GROUP INC                   COMMON  02209S103   2,161    30,490  SH      OTHER                1    30,490      0    0
AMERICAN INTL GROUP INC            COMMON    26874107  1,052    15,925  SH      DEFINED              1    15,925      0    0
AMERICAN INTL GROUP INC            COMMON    26874107     80     1,206  SH      OTHER                1     1,206      0    0
AMGEN INC                          COMMON    31162100  1,386    19,046  SH      DEFINED              1    19,046      0    0
AMGEN INC                          COMMON    31162100     98     1,350  SH      OTHER                1     1,350      0    0
ANHEUSER BUSCH COS INC             COMMON    35229103    358     8,375  SH      DEFINED              1     8,375      0    0
ANHEUSER BUSCH COS INC             COMMON    35229103     13       300  SH      OTHER                1       300      0    0
APACHE CORP                        COMMON    37411105    969    14,794  SH      DEFINED              1    14,794      0    0
APACHE CORP                        COMMON    37411105     79     1,199  SH      OTHER                1       675    524    0
AT&T INC                           COMMON  00206R102     667    24,656  SH      DEFINED              1    24,656      0    0
AT&T INC                           COMMON  00206R102     295    10,892  SH      OTHER                1    10,887      0    5
AUTOMATIC DATA PROCESSING IN       COMMON    53015103    767    16,785  SH      DEFINED              1    16,785      0    0
AUTOMATIC DATA PROCESSING IN       COMMON    53015103     64     1,400  SH      OTHER                1     1,400      0    0
BANK OF AMERICA CORPORATION        COMMON    60505104  1,512    33,191  SH      DEFINED              1    33,191      0    0
BANK OF AMERICA CORPORATION        COMMON    60505104    215     4,725  SH      OTHER                1     4,725      0    0
BECTON DICKINSON & CO              COMMON    75887109    617    10,025  SH      DEFINED              1    10,025      0    0
BECTON DICKINSON & CO              COMMON    75887109     60       975  SH      OTHER                1       975      0    0
BELLSOUTH CORP                     COMMON    79860102    402    11,589  SH      DEFINED              1    11,189    400    0
BELLSOUTH CORP                     COMMON    79860102    141     4,077  SH      OTHER                1     4,077      0    0
BERKSHIRE SECURITIES               COMMON    84991868    774     3,600  SH      DEFINED              1     3,600      0    0
BERKSHIRE SECURITIES               COMMON    84991868    387     1,800  SH      OTHER                1     1,800      0    0
BICO INC                           COMMON    88766100      0   101,100  SH      DEFINED              1   101,100      0    0
BJ SVCS CO                         COMMON    55482103    734    21,205  SH      DEFINED              1    21,205      0    0
BJ SVCS CO                         COMMON    55482103     17       500  SH      OTHER                1       500      0    0
BOEING CO                          COMMON    97023105    211     2,705  SH      DEFINED              1     2,705      0    0
BOEING CO                          COMMON    97023105    170     2,186  SH      OTHER                1     2,186      0    0
BP PLC                             COMMON    55622104  1,416    20,542  SH      DEFINED              1    20,537      0    5
BP PLC                             COMMON    55622104    443     6,431  SH      OTHER                1     5,429  1,002    0
CAREMARK RX INC                    COMMON   141705103    925    18,805  SH      DEFINED              1    18,805      0    0
CAREMARK RX INC                    COMMON   141705103     42       850  SH      OTHER                1       850      0    0
CATERPILLAR INC DEL                COMMON   149123101    234     3,264  SH      DEFINED              1     3,264      0    0
CATERPILLAR INC DEL                COMMON   149123101     34       475  SH      OTHER                1       475      0    0
CHEVRON CORP NEW                   COMMON   166764100    505     8,709  SH      DEFINED              1     8,704      0    5
CHEVRON CORP NEW                   COMMON   166764100    253     4,357  SH      OTHER                1     3,632      0  725
CISCO SYS INC                      COMMON  17275R102   1,602    73,943  SH      DEFINED              1    73,943      0    0
CISCO SYS INC                      COMMON  17275R102     144     6,625  SH      OTHER                1     6,125      0  500
CITIGROUP INC                      COMMON   172967101  1,523    32,245  SH      DEFINED              1    32,245      0    0
CITIGROUP INC                      COMMON   172967101    184     3,905  SH      OTHER                1     3,540    365    0
CNB FINL CORP PA                   COMMON   126128107    323    23,400  SH      DEFINED              1    23,400      0    0
CONOCOPHILLIPS                     COMMON  20825C104     193     3,059  SH      DEFINED              1     3,054      0    5
CONOCOPHILLIPS                     COMMON  20825C104      60       950  SH      OTHER                1       950      0    0
CONSTELLATION ENERGY GROUP I       COMMON   210371100    220     4,020  SH      OTHER                1     4,020      0    0
COVENTRY HEALTH CARE INC           COMMON   222862104    970    17,978  SH      DEFINED              1    17,978      0    0
COVENTRY HEALTH CARE INC           COMMON   222862104     58     1,076  SH      OTHER                1     1,076      0    0
CTC COMMUNICATIONS GROUP INC       COMMON   126419100      0    10,000  SH      DEFINED              1    10,000      0    0
DANAHER CORP DEL                   COMMON   235851102    495     7,785  SH      DEFINED              1     7,785      0    0
DANAHER CORP DEL                   COMMON   235851102      5        75  SH      OTHER                1        75      0    0
DELL INC                           COMMON  24702R101     273     9,186  SH      DEFINED              1     9,186      0    0
DELL INC                           COMMON  24702R101      22       750  SH      OTHER                1       750      0    0
DIASENSE INC COM                   COMMON   252834106      0    17,500  SH      DEFINED              1    17,500      0    0
DISNEY WALT CO                     COMMON   254687106    516    18,495  SH      DEFINED              1    18,495      0    0
DISNEY WALT CO                     COMMON   254687106     34     1,225  SH      OTHER                1     1,225      0    0
DOMINION RES INC VA NEW            COMMON  25746U109     884    12,813  SH      DEFINED              1    12,813      0    0
DOMINION RES INC VA NEW            COMMON  25746U109     123     1,782  SH      OTHER                1     1,782      0    0
DOW CHEM CO                        COMMON   260543103    944    23,258  SH      DEFINED              1    23,258      0    0
DOW CHEM CO                        COMMON   260543103     20       500  SH      OTHER                1       500      0    0
DU PONT E I DE NEMOURS & CO        COMMON   263534109    416     9,854  SH      DEFINED              1     9,854      0    0
DU PONT E I DE NEMOURS & CO        COMMON   263534109     80     1,900  SH      OTHER                1       300  1,600    0
E M C CORP MASS                    COMMON   268648102    412    30,250  SH      DEFINED              1    30,250      0    0
E M C CORP MASS                    COMMON   268648102      4       300  SH      OTHER                1       300      0    0
EBAY INC                           COMMON   278642103    920    23,600  SH      DEFINED              1    23,600      0    0
EBAY INC                           COMMON   278642103     21       550  SH      OTHER                1       550      0    0
ELECTRONIC ARTS INC                COMMON   285512109    265     4,845  SH      DEFINED              1     4,845      0    0
ELECTRONIC ARTS INC                COMMON   285512109      8       150  SH      OTHER                1       150      0    0
EMBRYO DEV CORP                    COMMON   290818103      1    15,000  SH      DEFINED              1    15,000      0    0
EMERSON ELEC CO                    COMMON   291011104     25       300  SH      DEFINED              1       300      0    0
EMERSON ELEC CO                    COMMON   291011104    805     9,630  SH      OTHER                1     9,630      0    0
ESB FINANCIAL CORP                 COMMON  26884F102     150    12,510  SH      DEFINED                   12,510      0    0
EXELON CORP                        COMMON  30161N101     118     2,236  SH      DEFINED              1     2,236      0    0
EXELON CORP                        COMMON  30161N101      99     1,866  SH      OTHER                1     1,866      0    0
EXXON MOBIL CORP                   COMMON  30231G102   3,894    63,986  SH      DEFINED              1    63,981      0    5
EXXON MOBIL CORP                   COMMON  30231G102   2,197    36,093  SH      OTHER                1    15,567 20,526    0
FEDEX CORP                         COMMON  31428X106   1,183    10,475  SH      DEFINED              1    10,475      0    0
FEDEX CORP                         COMMON  31428X106      40       350  SH      OTHER                1       350      0    0
FIRST COMWLTH FINL CORP PA         COMMON   319829107 18,404 1,255,400  SH      DEFINED              1 1,251,234  4,166    0
FIRST COMWLTH FINL CORP PA         COMMON   319829107  1,500   102,293  SH      OTHER                1    56,183 46,110    0
FLEXTRONICS INTL LTD               COMMON  Y2573F102     238    23,025  SH      DEFINED              1    23,025      0    0
FLEXTRONICS INTL LTD               COMMON  Y2573F102       6       600  SH      OTHER                1       600      0    0
FNB                                COMMON   302520101  3,728   218,000  SH      DEFINED                  218,000      0    0
FORTUNE BRANDS INC                 COMMON   349631101  1,359    16,852  SH      DEFINED              1    16,852      0    0
FORTUNE BRANDS INC                 COMMON   349631101     36       450  SH      OTHER                1       450      0    0
FPL GROUP INC                      COMMON   302571104    285     7,097  SH      DEFINED              1     7,097      0    0
FPL GROUP INC                      COMMON   302571104    102     2,550  SH      OTHER                1     2,550      0    0
GATEWAY BANK OF PENNSYLVANIA       COMMON   869099101     50     5,000  SH      DEFINED                    5,000      0    0
GENERAL ELECTRIC CO                COMMON   369604103  3,270    94,030  SH      DEFINED              1    94,030      0    0
GENERAL ELECTRIC CO                COMMON   369604103  4,318   124,150  SH      OTHER                1   122,045  2,105    0
GLAXOSMITHKLINE PLC                COMMON  37733W105     620    11,849  SH      DEFINED              1    11,849      0    0
GLAXOSMITHKLINE PLC                COMMON  37733W105      16       300  SH      OTHER                1       300      0    0
HARTFORD FINL SVCS GROUP INC       COMMON   416515104  1,031    12,795  SH      DEFINED              1    12,795      0    0
HARTFORD FINL SVCS GROUP INC       COMMON   416515104    108     1,334  SH      OTHER                1     1,334      0    0
INGERSOLL-RAND COMPANY LTD         COMMON  G4776G101     732    17,520  SH      DEFINED              1    17,520      0    0
INGERSOLL-RAND COMPANY LTD         COMMON  G4776G101     520    12,450  SH      OTHER                1    12,450      0    0
INTEL CORP                         COMMON   458140100    299    15,385  SH      DEFINED              1    15,385      0    0
INTEL CORP                         COMMON   458140100    113     5,800  SH      OTHER                1     5,800      0    0
INTERNATIONAL BUSINESS MACHS       COMMON   459200101  1,625    19,710  SH      DEFINED              1    19,710      0    0
INTERNATIONAL BUSINESS MACHS       COMMON   459200101  1,244    15,085  SH      OTHER                1    14,985    100    0
JACOBS ENGR GROUP INC DEL          COMMON   469814107  1,028    11,855  SH      DEFINED              1    11,855      0    0
JACOBS ENGR GROUP INC DEL          COMMON   469814107     35       400  SH      OTHER                1       400      0    0
JOHNSON & JOHNSON                  COMMON   478160104  1,675    28,279  SH      DEFINED              1    28,279      0    0
JOHNSON & JOHNSON                  COMMON   478160104    529     8,940  SH      OTHER                1     8,940      0    0
JP MORGAN CHASE & CO               COMMON  46625H100     374     8,977  SH      DEFINED              1     8,977      0    0
JP MORGAN CHASE & CO               COMMON  46625H100      15       370  SH      OTHER                1       370      0    0
L-3 COMMUNICATIONS HLDGS INC       COMMON   502424104    814     9,485  SH      DEFINED              1     9,485      0    0
L-3 COMMUNICATIONS HLDGS INC       COMMON   502424104     19       225  SH      OTHER                1       225      0    0
LAUREL CAPITAL GROUP INC           COMMON   518629100    252    12,000  SH      DEFINED                   12,000      0    0
LEESPORT FINANCIAL CORPORATION     COMMON   524477106  1,991    76,650  SH      DEFINED                   76,650      0    0
LEHMAN BROS HLDGS INC              COMMON   524908100    957     6,621  SH      DEFINED              1     6,621      0    0
LEHMAN BROS HLDGS INC              COMMON   524908100     76       525  SH      OTHER                1       525      0    0
LOWES COS INC                      COMMON   548661107  1,542    23,934  SH      DEFINED              1    23,934      0    0
LOWES COS INC                      COMMON   548661107    221     3,425  SH      OTHER                1     3,125    300    0
LUCENT TECHNOLOGIES INC            COMMON   549463107     29     9,590  SH      DEFINED              1     9,514     76    0
LUCENT TECHNOLOGIES INC            COMMON   549463107      6     1,965  SH      OTHER                1     1,965      0    0
MAGNITUDE INFORMATION SYS IN       COMMON   559534102     10   112,400  SH      DEFINED              1   112,400      0    0
MCCORMICK & CO INC                 COMMON   579780206    619    18,275  SH      DEFINED              1    18,275      0    0
MCCORMICK & CO INC                 COMMON   579780206     16       475  SH      OTHER                1       475      0    0
MEDTRONIC INC                      COMMON   585055106    238     4,681  SH      DEFINED              1     4,681      0    0
MEDTRONIC INC                      COMMON   585055106      4        75  SH      OTHER                1        75      0    0
MELLON FINL CORP                   COMMON  58551A108     412    11,574  SH      DEFINED              1    11,574      0    0
MELLON FINL CORP                   COMMON  58551A108     163     4,570  SH      OTHER                1     2,300  2,270    0
MERCK & CO INC                     COMMON   589331107     91     2,576  SH      DEFINED              1     2,576      0    0
MERCK & CO INC                     COMMON   589331107  1,013    28,746  SH      OTHER                1    28,146    600    0
MERRILL LYNCH & CO INC             COMMON   590188108  1,490    18,915  SH      DEFINED              1    18,915      0    0
MERRILL LYNCH & CO INC             COMMON   590188108    203     2,575  SH      OTHER                1     2,575      0    0
MICROSOFT CORP                     COMMON   594918104  1,494    54,894  SH      DEFINED              1    54,894      0    0
MICROSOFT CORP                     COMMON   594918104     98     3,585  SH      OTHER                1     3,585      0    0
MORGAN STANLEY                     COMMON   617446448      4        60  SH      DEFINED              1        60      0    0
MORGAN STANLEY                     COMMON   617446448    301     4,797  SH      OTHER                1     4,797      0    0
MOTOROLA INC                       COMMON   620076109    503    21,965  SH      DEFINED              1    21,965      0    0
MOTOROLA INC                       COMMON   620076109     18       800  SH      OTHER                1       800      0    0
NATIONAL CITY CORP                 COMMON   635405103    598    17,147  SH      DEFINED              1    17,147      0    0
NATIONAL CITY CORP                 COMMON   635405103      5       150  SH      OTHER                1       150      0    0
NEW MEXICO BANQUEST                COMMON   647991926  1,237     7,207  SH      DEFINED              1     7,207      0    0
NEW MEXICO BANQUEST                COMMON   647991926    123       717  SH      OTHER                1       717      0    0
NOBLE CORPORATION                  COMMON  G65422100     464     5,720  SH      DEFINED              1     5,720      0    0
NOBLE CORPORATION                  COMMON  G65422100       4        50  SH      OTHER                1        50      0    0
NORTH PITTSBURGH SYS INC           COMMON   661562108    251    10,764  SH      DEFINED              1    10,764      0    0
NORTH PITTSBURGH SYS INC           COMMON   661562108  1,071    45,900  SH      OTHER                1    45,900      0    0
OMEGA FINANCIAL CORP               COMMON   682092101  5,715   168,780  SH      DEFINED                  168,780      0    0
ORACLE CORP                        COMMON  68389X105     759    55,421  SH      DEFINED              1    55,421      0    0
ORACLE CORP                        COMMON  68389X105      48     3,516  SH      OTHER                1     3,516      0    0
OSCIENT PHARMACEUTICALS CORP       COMMON  68812R105      28    14,000  SH      DEFINED              1    14,000      0    0
PARKVALE FINANCIAL CORP            COMMON   701492100  6,276   224,544  SH      DEFINED                  224,544      0    0
PENNSYLVANIA RL ESTATE INVT        COMMON   709102107    336     7,629  SH      DEFINED              1     7,629      0    0
PEPSICO INC                        COMMON   713448108  1,675    28,976  SH      DEFINED              1    28,976      0    0
PEPSICO INC                        COMMON   713448108  1,310    22,675  SH      OTHER                1    22,675      0    0
PETSMART INC                       COMMON   716768106    478    16,975  SH      DEFINED              1    16,975      0    0
PETSMART INC                       COMMON   716768106      5       175  SH      OTHER                1       175      0    0
PFIZER INC                         COMMON   717081103    875    35,095  SH      DEFINED              1    35,095      0    0
PFIZER INC                         COMMON   717081103    580    23,288  SH      OTHER                1    23,288      0    0
PNC FINL SVCS GROUP INC            COMMON   693475105    566     8,403  SH      DEFINED              1     8,403      0    0
PNC FINL SVCS GROUP INC            COMMON   693475105    168     2,500  SH      OTHER                1     2,500      0    0
PPG INDS INC                       COMMON   693506107    230     3,637  SH      DEFINED              1     3,637      0    0
PPG INDS INC                       COMMON   693506107  1,530    24,152  SH      OTHER                1    19,002  5,150    0
PPL CORP                           COMMON  69351T106     258     8,792  SH      DEFINED              1     8,792      0    0
PPL CORP                           COMMON  69351T106     162     5,500  SH      OTHER                1     5,500      0    0
PRICE T ROWE GROUP INC             COMMON  74144T108     869    11,115  SH      DEFINED              1    11,115      0    0
PRICE T ROWE GROUP INC             COMMON  74144T108      65       825  SH      OTHER                1       825      0    0
PROCTER & GAMBLE CO                COMMON   742718109  1,791    31,084  SH      DEFINED              1    31,084      0    0
PROCTER & GAMBLE CO                COMMON   742718109  2,357    40,896  SH      OTHER                1    40,896      0    0
PUBLIC SVC ENTERPRISE GROUP        COMMON   744573106     99     1,539  SH      DEFINED              1     1,539      0    0
PUBLIC SVC ENTERPRISE GROUP        COMMON   744573106    271     4,230  SH      OTHER                1     4,230      0    0
QUALCOMM INC                       COMMON   747525103  1,153    22,778  SH      DEFINED              1    22,778      0    0
QUALCOMM INC                       COMMON   747525103     49       975  SH      OTHER                1       975      0    0
ROCKWELL AUTOMATION INC            COMMON   773903109    237     3,297  SH      DEFINED              1     3,297      0    0
ROCKWELL AUTOMATION INC            COMMON   773903109    144     2,000  SH      OTHER                1     2,000      0    0
ROCKWELL COLLINS INC               COMMON   774341101    171     3,037  SH      DEFINED              1     3,037      0    0
ROCKWELL COLLINS INC               COMMON   774341101    113     2,000  SH      OTHER                1     2,000      0    0
ROYAL BANCSHARES OF PENN-A         COMMON   780081105    471    19,197  SH      DEFINED                   19,197      0    0
ROYAL DUTCH SHELL PLC              COMMON   780259206    188     3,016  SH      DEFINED              1     3,016      0    0
ROYAL DUTCH SHELL PLC              COMMON   780259206    157     2,521  SH      OTHER                1     2,521      0    0
S & T BANCORP INC                  COMMON   783859101  2,102    57,471  SH      DEFINED              1    57,471      0    0
S & T BANCORP INC                  COMMON   783859101    482    13,186  SH      OTHER                1    13,186      0    0
SCHLUMBERGER LTD                   COMMON   806857108    287     2,267  SH      DEFINED              1     2,267      0    0
SCHLUMBERGER LTD                   COMMON   806857108     30       234  SH      OTHER                1       234      0    0
SOUTHERN CO                        COMMON   842587107    603    18,406  SH      DEFINED              1    18,406      0    0
SOUTHERN CO                        COMMON   842587107     20       600  SH      OTHER                1       600      0    0
SUSQUEHANNA BANCSHARES INC         COMMON   869099101  1,538    59,687  SH      DEFINED                   59,687      0    0
SUSQUEHANNA BANCSHARES INC P       COMMON   869099101  1,346    52,242  SH      DEFINED              1    52,242      0    0
SYMANTEC CORP                      COMMON   871503108    158     9,398  SH      DEFINED              1     9,398      0    0
SYMANTEC CORP                      COMMON   871503108     37     2,205  SH      OTHER                1     2,205      0    0
SYSCO CORP                         COMMON   871829107    197     6,140  SH      DEFINED              1     6,140      0    0
SYSCO CORP                         COMMON   871829107     24       750  SH      OTHER                1       750      0    0
TARGET CORP                        COMMON   8.76E+110  1,332    25,615  SH      DEFINED              1    25,615      0    0
TARGET CORP                        COMMON   8.76E+110    215     4,138  SH      OTHER                1     4,138      0    0
TEXAS INSTRS INC                   COMMON   882508104  1,033    31,810  SH      DEFINED              1    31,810      0    0
TEXAS INSTRS INC                   COMMON   882508104     89     2,750  SH      OTHER                1     2,750      0    0
UNITED TECHNOLOGIES CORP           COMMON   913017109  1,052    18,150  SH      DEFINED              1    18,150      0    0
UNITED TECHNOLOGIES CORP           COMMON   913017109     43       740  SH      OTHER                1       740      0    0
VALERO ENERGY CORP NEW             COMMON  91913Y100     804    13,450  SH      DEFINED              1    13,450      0    0
VALERO ENERGY CORP NEW             COMMON  91913Y100      33       550  SH      OTHER                1       550      0    0
VERIZON COMMUNICATIONS             COMMON  92343V104   2,144    62,957  SH      DEFINED              1    62,957      0    0
VERIZON COMMUNICATIONS             COMMON  92343V104     953    27,977  SH      OTHER                1    23,433  4,544    0
VODAFONE GROUP PLC NEW             COMMON  92857W100      71     3,400  SH      DEFINED              1     3,400      0    0
VODAFONE GROUP PLC NEW             COMMON  92857W100     151     7,219  SH      OTHER                1     7,219      0    0
VORNADO RLTY TR                    COMMON   929042109    716     7,460  SH      DEFINED              1     7,460      0    0
VORNADO RLTY TR                    COMMON   929042109     96     1,000  SH      OTHER                1     1,000      0    0
WACHOVIA CORP 2ND NEW              COMMON   929903102    746    13,302  SH      DEFINED              1    13,302      0    0
WAL MART STORES INC                COMMON   931142103  1,183    25,034  SH      DEFINED              1    25,034      0    0
WAL MART STORES INC                COMMON   931142103    120     2,550  SH      OTHER                1     2,550      0    0
WALGREEN CO                        COMMON   931422109    604    14,010  SH      DEFINED              1    14,010      0    0
WALGREEN CO                        COMMON   931422109     15       350  SH      OTHER                1       350      0    0
WASHINGTON MUT INC                 COMMON   939322103    633    14,861  SH      DEFINED              1    14,861      0    0
WASHINGTON MUT INC                 COMMON   939322103     70     1,640  SH      OTHER                1     1,640      0    0
WELLPOINT INC                      COMMON  94973V107     407     5,250  SH      DEFINED              1     5,250      0    0
WELLPOINT INC                      COMMON  94973V107       4        50  SH      OTHER                1        50      0    0
WELLS FARGO & CO NEW               COMMON   949746101  1,268    19,856  SH      DEFINED              1    19,856      0    0
WELLS FARGO & CO NEW               COMMON   949746101     66     1,041  SH      OTHER                1     1,041      0    0
WILLOW GROVE BANCORP               COMMON  97111W101     535    30,200  SH      DEFINED                   30,200      0    0
WYETH                              COMMON   983024100    756    15,578  SH      DEFINED              1    15,578      0    0
WYETH                              COMMON   983024100     78     1,600  SH      OTHER                1     1,600      0    0

GRAND TOTALS                                         155,035


</TABLE>